AAON, Inc. (NASDAQ:AAON) Given Average Rating of “Buy” by Brokerages

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

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

Insider Buying and Selling

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the sale, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. The trade was a 36.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. The trade was a 35.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,329 shares of company stock valued at $7,663,726. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. Lord Abbett & CO. LLC increased its position in shares of AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company’s stock worth $31,121,000 after purchasing an additional 81,111 shares during the period. Wolverine Trading LLC acquired a new position in shares of AAON in the 3rd quarter valued at approximately $471,000. Amalgamated Bank lifted its holdings in shares of AAON by 65.2% during the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after acquiring an additional 13,964 shares during the period. Geneva Capital Management LLC boosted its position in shares of AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock worth $183,135,000 after acquiring an additional 24,384 shares in the last quarter. Finally, Raymond James & Associates increased its stake in AAON by 3.4% in the third quarter. Raymond James & Associates now owns 142,930 shares of the construction company’s stock valued at $15,414,000 after acquiring an additional 4,709 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

NASDAQ:AAON opened at $122.07 on Friday. AAON has a 52-week low of $68.38 and a 52-week high of $144.07. The company has a market cap of $9.92 billion, a P/E ratio of 53.78 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 stock’s 50-day simple moving average is $128.22 and its 200 day simple moving average is $107.36.

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

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, November 29th. 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.