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

AAON, Inc. (NASDAQ:AAON) has been given a consensus rating of “Buy” by the five research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $133.00.

Several equities research analysts have issued reports on AAON shares. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th.

AAON Price Performance

Shares of AAON stock opened at $131.34 on Friday. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 57.86 and a beta of 0.79. The firm has a fifty day simple moving average of $110.69 and a 200-day simple moving average of $93.10. AAON has a 1-year low of $61.09 and a 1-year high of $144.07. 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 (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the prior year, the company earned $0.64 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

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

Insiders Place Their Bets

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in AAON during the first quarter worth approximately $212,000. Sei Investments Co. raised its stake in AAON by 2.1% during the first quarter. Sei Investments Co. now owns 146,519 shares of the construction company’s stock worth $12,908,000 after buying an additional 2,985 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of AAON by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock valued at $3,156,000 after purchasing an additional 1,090 shares during the period. ProShare Advisors LLC lifted its stake in AAON by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,656 shares of the construction company’s stock valued at $1,203,000 after buying an additional 940 shares during the period. Finally, Entropy Technologies LP bought a new position in AAON during the first quarter worth $423,000. 70.81% of the stock is currently owned by institutional investors.

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.