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

AAON, Inc. (NASDAQ:AAON) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $107.75.

AAON has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson restated a “buy” rating and issued a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd.

AAON Stock Down 3.6%

NASDAQ AAON opened at $83.90 on Monday. The stock has a fifty day moving average of $93.62 and a 200-day moving average of $91.34. The stock has a market capitalization of $6.84 billion, a P/E ratio of 64.54, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. AAON has a 52 week low of $62.00 and a 52 week high of $116.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The firm had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The company’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. On average, equities research analysts forecast that AAON will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s payout ratio is presently 30.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AAON. Millennium Management LLC grew its stake in shares of AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC lifted its stake in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after buying an additional 294 shares during the period. Goldman Sachs Group Inc. boosted its holdings in AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after buying an additional 12,489 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of AAON by 15.8% during the 2nd quarter. Bank of Montreal Can now owns 10,896 shares of the construction company’s stock worth $804,000 after buying an additional 1,483 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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.