AAON, Inc. (NASDAQ:AAON) Receives $133.00 Average Target Price from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have received a consensus rating of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $133.00.

A number of equities analysts have weighed in on the company. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird increased their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Sidoti downgraded 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 report on Tuesday, October 22nd.

Insider Activity

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,967 shares of company stock valued at $6,961,357. 18.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAON

Large investors have recently bought and sold shares of the business. Amalgamated Bank boosted its holdings in AAON by 65.2% in the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock valued at $3,085,000 after purchasing an additional 13,964 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of AAON by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after buying an additional 24,384 shares in the last quarter. Swedbank AB purchased a new position in shares of AAON in the 2nd quarter valued at $14,569,000. Raymond James & Associates raised its stake in AAON by 3.4% during the 3rd quarter. Raymond James & Associates now owns 142,930 shares of the construction company’s stock worth $15,414,000 after acquiring an additional 4,709 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in AAON by 122.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company’s stock worth $1,777,000 after acquiring an additional 9,063 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

NASDAQ:AAON opened at $131.32 on Wednesday. The stock has a market capitalization of $10.67 billion, a PE ratio of 57.85 and a beta of 0.83. AAON has a 52 week low of $67.99 and a 52 week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $123.82 and its 200-day moving average price is $100.76.

AAON (NASDAQ:AAON) last released its earnings results 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 net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. 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.