AAON, Inc. (NASDAQ:AAON) Receives $102.00 Consensus Target Price from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $105.00.

A number of brokerages have issued reports on AAON. Robert W. Baird raised their target price on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Baird R W upgraded shares of AAON to a “hold” rating in a research report on Wednesday, July 24th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $102.00 to $111.00 in a research note on Tuesday. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th.

AAON Stock Down 0.6 %

Shares of NASDAQ AAON opened at $106.26 on Tuesday. The stock has a market cap of $8.74 billion, a PE ratio of 49.42 and a beta of 0.80. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a 12-month low of $52.24 and a 12-month high of $113.86. The company has a 50-day moving average of $100.47 and a 200 day moving average of $89.23.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.02% and a net margin of 15.60%. The business had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that AAON will post 2.28 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is presently 14.88%.

Insider Buying and Selling at AAON

In related news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the sale, the director now directly owns 5,135 shares in the company, valued at $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

Institutional Investors Weigh In On AAON

A number of hedge funds have recently added to or reduced their stakes in AAON. Vanguard Group Inc. raised its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after acquiring an additional 61,544 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of AAON by 99.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after buying an additional 8,613 shares during the period. Janus Henderson Group PLC grew its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after buying an additional 26,141 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of AAON by 71.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 527,875 shares of the construction company’s stock worth $46,505,000 after buying an additional 219,435 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in shares of AAON by 18.9% during the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after buying an additional 94,026 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.