AAON (NASDAQ:AAON) Price Target Raised to $112.00 at Oppenheimer

AAON (NASDAQ:AAON) had its price target lifted by Oppenheimer from $105.00 to $112.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has an outperform rating on the construction company’s stock.

Several other brokerages also recently issued reports on AAON. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. DA Davidson reduced their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Robert W. Baird cut their price target on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, June 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $104.00.

AAON Trading Up 2.2%

Shares of AAON opened at $104.16 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $87.57 and its two-hundred day moving average is $85.63. AAON has a twelve month low of $62.00 and a twelve month high of $144.07. The firm has a market capitalization of $8.49 billion, a P/E ratio of 70.86 and a beta of 1.05.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. On average, research analysts predict that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio (DPR) is presently 27.21%.

Insiders Place Their Bets

In related news, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. The trade was a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock worth $509,111,000 after buying an additional 276,722 shares during the last quarter. Blair William & Co. IL lifted its position in shares of AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock worth $168,155,000 after buying an additional 102,382 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of AAON by 7.3% in the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock worth $150,210,000 after buying an additional 139,024 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AAON by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company’s stock worth $109,598,000 after buying an additional 66,536 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company’s stock worth $98,941,000 after buying an additional 26,302 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.