Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $133.00

AAON, Inc. (NASDAQ:AAON) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $133.00.

AAON has been the subject of a number of research reports. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. DA Davidson lifted their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th.

Insider Buying and Selling at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently bought and sold shares of AAON. Vanguard Group Inc. boosted its position in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after buying an additional 39,059 shares during the period. State Street Corp lifted its holdings in AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after purchasing an additional 12,502 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after buying an additional 525,132 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of AAON by 9.6% in the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after acquiring an additional 151,540 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Down 1.6 %

Shares of NASDAQ:AAON opened at $131.34 on Friday. AAON has a 12-month low of $61.09 and a 12-month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 57.86 and a beta of 0.79. The business’s 50 day moving average is $110.69 and its 200 day moving average is $93.10.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts forecast that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio is 14.10%.

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.