AAON (NASDAQ:AAON) Rating Lowered to Neutral at Sidoti

Sidoti downgraded shares of AAON (NASDAQ:AAON) from a buy rating to a neutral rating in a research report released on Tuesday morning, MarketBeat.com reports. Sidoti currently has $111.00 target price on the construction company’s stock, up from their previous target price of $102.00.

AAON has been the topic of a number of other research reports. DA Davidson restated a “buy” rating and set a $102.00 price objective on shares of AAON in a research report on Wednesday, June 26th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird boosted their price objective on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Baird R W raised AAON to a “hold” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.00.

AAON Trading Down 2.4 %

Shares of AAON opened at $107.13 on Tuesday. AAON has a 52-week low of $52.24 and a 52-week high of $113.86. The business’s fifty day moving average is $99.75 and its 200-day moving average is $88.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 49.83 and a beta of 0.80.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 26.02% and a net margin of 15.60%. AAON’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Equities analysts anticipate that AAON will post 2.28 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio (DPR) is currently 14.88%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. The trade was 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

Institutional investors have recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of AAON by 4.5% in the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after buying an additional 156 shares in the last quarter. Ascent Wealth Partners LLC grew its stake in shares of AAON by 1.1% in the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. grew its stake in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC grew its stake in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of AAON by 40.4% in the third quarter. GAMMA Investing LLC now owns 1,046 shares of the construction company’s stock worth $113,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.