AAON, Inc. (NASDAQ:AAON) Receives Average Recommendation of “Buy” from Analysts

AAON, Inc. (NASDAQ:AAON) has earned a consensus rating of “Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $133.00.

Several analysts have recently issued reports on the stock. Robert W. Baird lifted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” 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 research report on Monday, October 28th. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and lifted their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, DA Davidson lifted their target price on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

AAON Stock Up 3.6 %

AAON opened at $114.90 on Thursday. AAON has a fifty-two week low of $70.28 and a fifty-two week high of $144.07. 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 company has a fifty day moving average of $125.30 and a two-hundred day moving average of $111.90. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 50.62 and a beta of 0.87.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts expect that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. AAON’s payout ratio is presently 14.10%.

Insider Buying and Selling

In other AAON news, VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the transaction, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. The trade was a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,329 shares of company stock worth $7,663,726. 18.55% of the stock is owned by insiders.

Hedge Funds Weigh In On AAON

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bridges Investment Management Inc. boosted its holdings in AAON by 18.2% in the 4th quarter. Bridges Investment Management Inc. now owns 12,072 shares of the construction company’s stock valued at $1,421,000 after purchasing an additional 1,863 shares during the last quarter. West Michigan Advisors LLC purchased a new stake in shares of AAON in the 4th quarter valued at approximately $261,000. US Bancorp DE raised its stake in shares of AAON by 3.7% in the 4th quarter. US Bancorp DE now owns 50,259 shares of the construction company’s stock valued at $5,914,000 after acquiring an additional 1,785 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of AAON by 2.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,901 shares of the construction company’s stock valued at $1,989,000 after acquiring an additional 425 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of AAON in the 4th quarter valued at approximately $644,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.