AAON, Inc. (NASDAQ:AAON) Stock Has Consensus Target Price of $120.00

AAON, Inc. (NASDAQ:AAON) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $120.00.

AAON has been the topic of several recent analyst reports. DA Davidson initiated coverage on shares of AAON in a research report on Tuesday, September 15th. They set a “buy” rating and a $110.00 price objective on the stock. KeyCorp restated a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 target price (down from $125.00) on shares of AAON in a research note on Wednesday, October 14th. Finally, Robert W. Baird reduced their price target 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.

Insider Transactions at AAON

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

Hedge Funds Weigh In On AAON

Several institutional investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings in shares of AAON by 78.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 6,840 shares of the construction company’s stock worth $566,000 after acquiring an additional 3,004 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of AAON by 2.3% during the 3rd quarter. Yousif Capital Management LLC now owns 19,413 shares of the construction company’s stock valued at $1,607,000 after acquiring an additional 442 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of AAON by 363.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 477 shares of the construction company’s stock valued at $39,000 after acquiring an additional 374 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of AAON by 20.2% in the third quarter. Crossmark Global Holdings Inc. now owns 6,818 shares of the construction company’s stock valued at $564,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in shares of AAON in the third quarter valued at $15,090,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

NASDAQ:AAON opened at $75.30 on Tuesday. The stock has a 50-day moving average price of $78.92 and a 200 day moving average price of $97.77. The stock has a market capitalization of $6.21 billion, a P/E ratio of 39.18, a P/E/G ratio of 1.40 and a beta of 1.41. AAON has a 12-month low of $66.39 and a 12-month high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%. The company had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s revenue was up 101.2% compared to the same quarter last year. Equities research analysts forecast that AAON will post 2.35 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued 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 is 20.83%.

AAON Company Profile

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.