AAON (NASDAQ:AAON) Hits New 52-Week Low – Should You Sell?

Shares of AAON, Inc. (NASDAQ:AAON) reached a new 52-week low on Tuesday. The company traded as low as $72.68 and last traded at $72.99, with a volume of 78,963 shares. The stock had previously closed at $75.34.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. Robert W. Baird cut their price target on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. DA Davidson reaffirmed a “buy” rating and set a $110.00 price objective on shares of AAON in a research report on Tuesday, September 15th. Oppenheimer reiterated an “outperform” rating and issued a $115.00 price objective (down from $125.00) on shares of AAON in a report on Wednesday, October 14th. Finally, Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

AAON Stock Up 1.0%

The firm has a 50-day moving average price of $80.75 and a 200 day moving average price of $101.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 2.01. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 1.37 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. The company had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%. The firm’s quarterly revenue was up 101.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. Sell-side analysts predict that AAON, Inc. will post 2.35 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.10 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s payout ratio is 20.83%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On AAON

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in AAON by 48.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after acquiring an additional 178 shares during the period. Summit Securities Group LLC raised its holdings in 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 acquiring an additional 435 shares in the last quarter. NI Acquisitions Company LLC bought a new stake in shares of AAON during the 2nd quarter valued at $102,000. Central Pacific Bank Trust Division bought a new stake in shares of AAON during the 3rd quarter valued at $103,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of AAON during the 1st quarter valued at $166,000. Institutional investors own 70.81% of the company’s stock.

About AAON

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.