AAON (NASDAQ:AAON) Sets New 12-Month High – Time to Buy?

AAON, Inc. (NASDAQ:AAON)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $116.34 and last traded at $116.34, with a volume of 317 shares traded. The stock had previously closed at $111.19.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AAON shares. Sidoti lowered 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 research note on Tuesday, October 22nd. Robert W. Baird raised AAON from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $114.00 to $130.00 in a research report on Monday. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Baird R W raised AAON to a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

AAON Trading Up 6.3 %

The firm has a market cap of $9.72 billion, a P/E ratio of 51.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The stock has a fifty day simple moving average of $100.92 and a 200 day simple moving average of $89.37.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $313.57 million during the quarter, compared to the consensus estimate of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. AAON’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, research analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio is currently 14.88%.

Insider Buying and Selling at AAON

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

Institutional Trading of AAON

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 worth $641,267,000 after purchasing an additional 61,544 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in AAON by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock worth $136,857,000 after buying an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in AAON by 106.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after buying an additional 561,195 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AAON by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock valued at $83,596,000 after acquiring an additional 157,699 shares during the period. Finally, BOKF NA lifted its position in shares of AAON by 2.0% in the first quarter. BOKF NA now owns 681,522 shares of the construction company’s stock valued at $59,960,000 after acquiring an additional 13,140 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

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.