AAON (NASDAQ:AAON) Price Target Raised to $150.00

AAON (NASDAQ:AAON) had its price target raised by DA Davidson from $102.00 to $150.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

AAON has been the topic of several other reports. Robert W. Baird increased their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday. Sidoti cut AAON from a “buy” rating to a “neutral” rating and increased their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Stock Up 1.8 %

Shares of AAON opened at $140.75 on Friday. The firm has a market cap of $11.40 billion, a P/E ratio of 62.00 and a beta of 0.79. The stock has a 50 day simple moving average of $106.97 and a two-hundred day simple moving average of $91.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. AAON has a 1 year low of $57.56 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 25.34% and a net margin of 15.78%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, analysts forecast that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its stake in AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after purchasing an additional 561,195 shares during the period. Blair William & Co. IL bought a new stake in AAON in the 2nd quarter worth approximately $44,934,000. Millennium Management LLC increased its stake in AAON by 212.3% in the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock worth $57,278,000 after acquiring an additional 446,344 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AAON by 552.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock worth $30,541,000 after purchasing an additional 296,423 shares during the period. Finally, Fred Alger Management LLC purchased a new position in shares of AAON in the 2nd quarter worth approximately $15,700,000. Institutional investors own 70.81% of the company’s stock.

AAON Company Profile

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.