AAON, Inc. (NASDAQ:AAON) Receives $133.00 Average PT from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $133.00.

AAON has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th.

Insider Buying and Selling

In related news, VP Stephen E. Wakefield sold 5,362 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Casey Kidwell sold 1,421 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at $669,348.42. This trade represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc raised its stake in shares of AAON by 6.6% in the 2nd quarter. TD Asset Management Inc now owns 41,864 shares of the construction company’s stock valued at $3,652,000 after purchasing an additional 2,600 shares during the period. Victory Capital Management Inc. raised its position in AAON by 217.6% in the 2nd quarter. Victory Capital Management Inc. now owns 196,113 shares of the construction company’s stock valued at $17,109,000 after buying an additional 134,355 shares during the last quarter. Arizona State Retirement System lifted its stake in AAON by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 19,536 shares of the construction company’s stock valued at $1,704,000 after acquiring an additional 557 shares in the last quarter. New Mexico Educational Retirement Board acquired a new position in AAON during the 2nd quarter worth approximately $1,239,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of AAON by 69.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 103,881 shares of the construction company’s stock worth $9,063,000 after acquiring an additional 42,493 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Performance

AAON stock opened at $122.07 on Friday. The stock has a 50-day simple moving average of $128.22 and a 200 day simple moving average of $107.36. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 53.78 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON has a 12-month low of $68.38 and a 12-month high of $144.07.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. On average, research analysts anticipate that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio (DPR) is 14.10%.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.