AAON, Inc. (NASDAQ:AAON) Receives $133.00 Average PT from Analysts

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

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

AAON Stock Down 1.5 %

Shares of AAON stock opened at $120.44 on Friday. AAON has a one year low of $68.38 and a one year high of $144.07. The company has a market cap of $9.79 billion, a P/E ratio of 53.06 and a beta of 0.87. 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 firm has a fifty day moving average of $127.82 and a two-hundred day moving average of $106.73.

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

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. AAON’s dividend payout ratio is presently 14.10%.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,329 shares of company stock valued at $7,663,726. Insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its holdings in AAON by 39.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after purchasing an additional 525,132 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of AAON in the second quarter valued at approximately $44,934,000. Millennium Management LLC lifted its stake in shares of AAON by 212.3% during the second quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock valued at $57,278,000 after buying an additional 446,344 shares during the period. Franklin Resources Inc. boosted its position in AAON by 258.8% during the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock worth $37,014,000 after acquiring an additional 238,308 shares during the last quarter. Finally, Fred Alger Management LLC acquired a new stake in AAON during the second quarter worth approximately $15,700,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.