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

AAON, Inc. (NASDAQ:AAON) has earned an average recommendation of “Buy” from the five research firms that are covering the company, MarketBeat reports. One investment 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $133.00.

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

Insider Buying and Selling at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. This represents a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,329 shares of company stock valued at $7,663,726. Company insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock valued at $41,000 after buying an additional 84 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of AAON by 1.0% in the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after purchasing an additional 89 shares in the last quarter. Louisiana State Employees Retirement System increased its position in AAON by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after purchasing an additional 100 shares during the last quarter. Conway Capital Management Inc. raised its stake in AAON by 4.0% during the fourth quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock valued at $306,000 after purchasing an additional 101 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON stock opened at $110.40 on Thursday. The business has a 50 day moving average of $127.57 and a 200 day moving average of $111.03. AAON has a 52 week low of $70.14 and a 52 week high of $144.07. The company has a market cap of $8.97 billion, a PE ratio of 48.63 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 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 last year, the company posted $0.64 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently declared 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 0.29%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio is presently 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.