AAON, Inc. (NASDAQ:AAON) to Issue Quarterly Dividend of $0.08

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the construction company on Thursday, December 19th. This represents a $0.32 annualized dividend and a yield of 0.24%.

AAON has increased its dividend payment by an average of 8.1% annually over the last three years. AAON has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect AAON to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 11.1%.

AAON Trading Down 0.2 %

Shares of AAON stock traded down $0.24 on Thursday, reaching $134.39. 48,793 shares of the stock were exchanged, compared to its average volume of 601,014. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON has a one year low of $61.09 and a one year high of $144.07. The stock has a market cap of $10.92 billion, a PE ratio of 59.31 and a beta of 0.79. The stock has a 50 day moving average price of $108.85 and a 200 day moving average price of $92.56.

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

Insider Activity at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 18.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AAON shares. Robert W. Baird increased their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and raised their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a 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. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

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.