AAON, Inc. (NASDAQ:AAON) Plans Quarterly Dividend of $0.10

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Thursday, March 5th. Stockholders of record on Wednesday, March 18th will be given a dividend of 0.10 per share by the construction company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 18th.

AAON has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. AAON has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AAON to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 13.7%.

AAON Stock Performance

Shares of AAON stock traded down $3.00 during trading on Friday, hitting $89.40. 127,948 shares of the stock were exchanged, compared to its average volume of 983,518. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.03 and a current ratio of 2.63. AAON has a 12 month low of $62.00 and a 12 month high of $116.04. The stock’s fifty day moving average is $92.22 and its 200 day moving average is $90.99. The stock has a market cap of $7.29 billion, a PE ratio of 68.77, a P/E/G ratio of 2.71 and a beta of 1.09.

AAON (NASDAQ:AAON) last issued its earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million for the quarter, compared to the consensus estimate of $374.10 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. As a group, sell-side analysts anticipate that AAON will post 2.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on AAON shares. DA Davidson reissued a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a research note on Tuesday. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Finally, William Blair restated an “outperform” rating on shares of AAON in a report on Monday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $107.75.

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.