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

AAON, Inc. (NASDAQ:AAON) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $104.60.

Several research firms have issued reports on AAON. Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Oppenheimer restated an “outperform” rating and set a $115.00 price target on shares of AAON in a report on Friday, November 7th. William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday. Finally, Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th.

Insider Buying and Selling

In other AAON news, Director Gary D. Fields sold 3,553 shares of the business’s stock in a transaction that occurred 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 directly owned 26,340 shares of the company’s stock, valued at $2,769,387.60. The trade was a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen E. Wakefield purchased 4,141 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were acquired at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the purchase, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. The trade was a 37.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.70% of the stock is owned by insiders.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after acquiring an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC boosted its position in AAON by 96.4% during the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after purchasing an additional 1,138,658 shares during the period. Blair William & Co. IL grew its holdings in AAON by 4.7% during the second quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after purchasing an additional 102,382 shares during the last quarter. Wasatch Advisors LP grew its holdings in AAON by 27.1% during the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after purchasing an additional 456,560 shares during the last quarter. Finally, Geneva Capital Management LLC raised its position in shares of AAON by 7.3% in the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock valued at $150,210,000 after purchasing an additional 139,024 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $94.46 on Friday. The company has a market capitalization of $7.71 billion, a PE ratio of 78.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04. The stock has a fifty day moving average of $84.75 and a 200-day moving average of $87.44. AAON has a one year low of $62.00 and a one year high of $136.35.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 6th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. AAON had a return on equity of 12.52% and a net margin of 7.62%.The company had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. During the same period in the previous year, the firm earned $0.63 earnings per share. AAON’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, equities analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s dividend payout ratio is currently 33.06%.

AAON Company Profile

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.