AAON, Inc. (NASDAQ:AAON) Receives $133.00 Consensus PT from Brokerages

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

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their price objective 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. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson raised their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th.

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,967 shares of company stock worth $6,961,357 in the last ninety days. 18.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. ORG Partners LLC purchased a new position in AAON in the second quarter valued at about $29,000. Blue Trust Inc. boosted its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of AAON in the 2nd quarter worth approximately $35,000. Westside Investment Management Inc. bought a new position in shares of AAON during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of AAON during the 3rd quarter worth approximately $37,000. 70.81% of the stock is owned by institutional investors.

AAON Trading Up 0.0 %

AAON opened at $131.32 on Wednesday. The stock has a 50-day moving average of $123.82 and a 200 day moving average of $101.10. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 12 month low of $67.99 and a 12 month high of $144.07. The firm has a market cap of $10.67 billion, a P/E ratio of 57.85 and a beta of 0.83.

AAON (NASDAQ:AAON) last announced 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 return on equity of 24.98% and a net margin of 15.78%. The firm 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 business earned $0.64 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts forecast that AAON will post 2.26 EPS for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

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.