AAON, Inc. (NASDAQ:AAON) Given Average Rating of “Moderate Buy” by Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $114.33.

AAON has been the topic of several analyst reports. Baird R W raised AAON to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird raised shares of AAON from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $114.00 to $130.00 in a report on Monday. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th.

Insider Buying and Selling at AAON

In other news, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the sale, the director now owns 5,135 shares in the company, valued at $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Norman H. Asbjornson sold 11,022 shares of the firm’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 value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. This trade 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 through this link. Also, CEO Gary D. Fields sold 20,641 shares of the business’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 sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in AAON by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after acquiring an additional 61,544 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of AAON by 1.9% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after purchasing an additional 39,059 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after purchasing an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after purchasing an additional 561,195 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AAON by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock valued at $83,596,000 after purchasing an additional 157,699 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Performance

Shares of NASDAQ AAON opened at $121.33 on Tuesday. The company has a 50 day simple moving average of $100.92 and a two-hundred day simple moving average of $89.37. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 56.43 and a beta of 0.80. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a 12 month low of $53.64 and a 12 month high of $122.97.

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

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is presently 14.88%.

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.