AAON, Inc. (NASDAQ:AAON) Receives $102.00 Consensus Target Price from Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been assigned an average recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $105.00.

Several research firms have recently commented on AAON. Robert W. Baird increased their price target on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Baird R W upgraded shares of AAON to a “hold” rating in a research report on Wednesday, July 24th. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd.

Insider Buying and Selling at AAON

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

Hedge Funds Weigh In On AAON

A number of institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its holdings in AAON by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after buying an additional 200 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in AAON in the 3rd quarter worth $230,000. State of Alaska Department of Revenue lifted its holdings in AAON by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,865 shares of the construction company’s stock worth $848,000 after buying an additional 530 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in AAON in the 3rd quarter worth $89,000. Finally, Private Advisor Group LLC acquired a new position in AAON in the 3rd quarter worth $251,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Up 4.6 %

AAON stock opened at $111.19 on Tuesday. The company’s 50 day simple moving average is $100.92 and its 200-day simple moving average is $89.36. The firm has a market capitalization of $9.14 billion, a PE ratio of 51.72 and a beta of 0.80. AAON has a 12 month low of $53.03 and a 12 month high of $113.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

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

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. AAON’s dividend payout ratio (DPR) is presently 14.88%.

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.