Robert W. Baird Raises AAON (NASDAQ:AAON) Price Target to $102.00

AAON (NASDAQ:AAON) had its price target lifted by Robert W. Baird from $100.00 to $102.00 in a report released on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the construction company’s stock.

Several other analysts have also commented on the company. StockNews.com lowered AAON from a hold rating to a sell rating in a report on Monday, June 17th. William Blair initiated coverage on AAON in a research report on Monday, April 29th. They issued an outperform rating for the company. Baird R W upgraded AAON to a hold rating in a research report on Wednesday, July 24th. Finally, DA Davidson reiterated a buy rating and issued a $102.00 price objective on shares of AAON in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $102.00.

AAON Stock Performance

AAON stock opened at $85.78 on Friday. The stock has a 50-day moving average of $82.43 and a two-hundred day moving average of $81.88. AAON has a one year low of $52.24 and a one year high of $96.34. The stock has a market cap of $7.05 billion, a PE ratio of 39.96 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.08% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that AAON will post 2.24 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.37%. The ex-dividend date was Friday, June 7th. AAON’s dividend payout ratio (DPR) is presently 14.91%.

Insiders Place Their Bets

In other AAON news, CEO Gary D. Fields sold 28,200 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $4,894,778.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Rebecca Thompson sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gary D. Fields sold 28,200 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $4,894,778.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,646 shares of company stock valued at $5,885,399. 18.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC purchased a new position in shares of AAON during the 2nd quarter worth approximately $29,000. TFO Wealth Partners LLC purchased a new stake in AAON in the 4th quarter worth approximately $27,000. Crewe Advisors LLC purchased a new stake in AAON in the 2nd quarter worth approximately $35,000. GAMMA Investing LLC purchased a new stake in shares of AAON during the 4th quarter valued at $36,000. Finally, Signaturefd LLC grew its stake in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after buying an additional 238 shares during the period. 70.81% of the stock is currently 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.