AAON, Inc. (NASDAQ:AAON) Receives $104.60 Consensus Price Target from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $104.60.

A number of brokerages recently issued reports on AAON. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and issued a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Robert W. Baird reduced their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th.

AAON Price Performance

Shares of NASDAQ AAON opened at $83.03 on Friday. The stock has a fifty day simple moving average of $97.21 and a two-hundred day simple moving average of $87.52. AAON has a 1-year low of $62.00 and a 1-year high of $138.25. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 68.62 and a beta of 1.06. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42.

AAON (NASDAQ:AAON) last issued its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. Analysts anticipate that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is currently 33.06%.

Insiders Place Their Bets

In other news, Director Gary D. Fields sold 26,746 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the sale, the director directly owned 26,340 shares of the company’s stock, valued at approximately $2,771,231.40. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently bought and sold shares of AAON. Impax Asset Management Group plc raised its stake in shares of AAON by 25.0% during the second quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after acquiring an additional 117,446 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of AAON by 88.8% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock valued at $2,052,000 after purchasing an additional 13,087 shares in the last quarter. ABN Amro Investment Solutions bought a new position in shares of AAON during the 2nd quarter valued at $947,000. Advantage Alpha Capital Partners LP purchased a new position in AAON in the 2nd quarter worth $5,574,000. Finally, King Luther Capital Management Corp raised its position in AAON by 1,346.0% in the 2nd quarter. King Luther Capital Management Corp now owns 53,502 shares of the construction company’s stock worth $3,946,000 after purchasing an additional 49,802 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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.