AAON, Inc. (NASDAQ:AAON) Receives $133.00 Consensus Target Price from Brokerages

AAON, Inc. (NASDAQ:AAON) has been assigned an average rating of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $133.00.

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

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is owned by corporate insiders.

Institutional Trading of AAON

Several institutional investors have recently bought and sold shares of AAON. Lord Abbett & CO. LLC lifted its position in shares of AAON by 39.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock valued at $31,121,000 after buying an additional 81,111 shares in the last quarter. Franklin Resources Inc. lifted its holdings in AAON by 258.8% during the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock valued at $37,014,000 after purchasing an additional 238,308 shares in the last quarter. Tidal Investments LLC grew its position in shares of AAON by 5.7% in the third quarter. Tidal Investments LLC now owns 13,534 shares of the construction company’s stock valued at $1,460,000 after purchasing an additional 732 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of AAON during the third quarter worth about $43,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of AAON during the third quarter worth about $36,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 0.0 %

AAON stock opened at $131.32 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a market cap of $10.67 billion, a PE ratio of 57.85 and a beta of 0.83. The stock has a 50-day moving average of $123.82 and a two-hundred day moving average of $101.10. AAON has a one year low of $67.99 and a one year high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. On average, research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

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