AAON, Inc. (NASDAQ:AAON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $104.60.

A number of research analysts recently issued reports on AAON shares. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and set a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th.

Insider Activity at AAON

In related news, Director Gary D. Fields sold 3,553 shares of AAON stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total value of $373,562.42. Following the completion of the sale, the director owned 26,340 shares of the company’s stock, valued at approximately $2,769,387.60. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen E. Wakefield purchased 4,141 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were acquired at an average price of $77.59 per share, with a total value of $321,300.19. Following the purchase, the executive vice president directly owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON in the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AAON in the second quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of AAON in the third quarter valued at approximately $47,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Trading Up 3.9%

NASDAQ AAON opened at $78.62 on Wednesday. The stock has a market capitalization of $6.42 billion, a P/E ratio of 64.98 and a beta of 1.06. The business has a 50 day simple moving average of $89.79 and a 200 day simple moving average of $85.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. AAON has a one year low of $62.00 and a one year high of $137.90.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. Research analysts expect that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is 33.06%.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.