AAON, Inc. (NASDAQ:AAON) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

AAON, Inc. (NASDAQ:AAON) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $123.33.

A number of equities research analysts have recently weighed in on AAON shares. Robert W. Baird reduced their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Oppenheimer lowered their target price on shares of AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. KeyCorp restated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Finally, Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th.

AAON Stock Up 4.4%

AAON stock opened at $88.07 on Friday. The company’s 50 day moving average price is $82.36 and its 200 day moving average price is $101.77. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 1.60 and a beta of 1.41. AAON has a fifty-two week low of $73.19 and a fifty-two week high of $150.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The company had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 101.2% on a year-over-year basis. On average, equities research analysts anticipate that AAON will post 2.29 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 4th. AAON’s dividend payout ratio (DPR) is 20.83%.

Insider Activity at AAON

In related news, EVP Matthew Shaub acquired 457 shares of the business’s stock in a transaction on Friday, August 28th. The shares were bought at an average price of $76.42 per share, with a total value of $34,923.94. Following the completion of the acquisition, the executive vice president owned 3,136 shares in the company, valued at $239,653.12. This trade represents a 17.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Stewart acquired 1,000 shares of AAON stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of $74.66 per share, with a total value of $74,660.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at approximately $298,640. The trade was a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 18.09% of the stock is owned by insiders.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in AAON by 48.0% in the first quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock valued at $45,000 after acquiring an additional 178 shares in the last quarter. NI Acquisitions Company LLC acquired a new stake in shares of AAON during the second quarter worth about $102,000. Summit Securities Group LLC lifted its holdings in shares of AAON by 73.9% in the 1st quarter. Summit Securities Group LLC now owns 1,024 shares of the construction company’s stock valued at $85,000 after purchasing an additional 435 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of AAON by 20.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after purchasing an additional 181 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of AAON in the 3rd quarter valued at about $103,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Company Profile

AAON, Inc (NASDAQ:AAON) designs and manufactures high-efficiency heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. The company is headquartered in Tulsa, Oklahoma, and was founded in 1988 by Norm Asbjornson.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers, and related HVAC components. AAON’s equipment is used in applications such as office buildings, schools, healthcare facilities, retail properties, data centers, and other commercial or industrial structures.

AAON sells its products primarily through manufacturer representatives and other distribution channels serving customers in the United States and Canada.