Brokerages Set AAON, Inc. (NASDAQ:AAON) Target Price at $112.00

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $112.00.

Several research analysts have commented on AAON shares. KeyCorp started coverage on shares of AAON in a report on Thursday. They set a “sector weight” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Oppenheimer restated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Finally, Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th.

Insider Buying and Selling

In other AAON news, CAO Rebecca Thompson sold 4,230 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total transaction of $606,666.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares of the company’s stock, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,980 shares of company stock valued at $16,361,330 in the last three months. Corporate insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the last quarter. Danske Bank A S bought a new stake in shares of AAON in the 3rd quarter valued at approximately $47,000. Summit Securities Group LLC purchased a new position in shares of AAON in the 4th quarter worth approximately $45,000. Huntington National Bank boosted its holdings in shares of AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after purchasing an additional 120 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of AAON by 46.8% in the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $102.67 on Friday. AAON has a one year low of $62.00 and a one year high of $150.46. The company’s fifty day moving average price is $125.19 and its 200-day moving average price is $105.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of $8.41 billion, a PE ratio of 71.80, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. AAON’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, equities analysts anticipate that AAON will post 2.24 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio (DPR) is 27.97%.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.