AAON (NASDAQ:AAON) Given New $150.00 Price Target at DA Davidson

AAON (NASDAQ:AAON) had its target price raised by DA Davidson from $102.00 to $150.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

AAON has been the topic of a number of other reports. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Stock Up 16.1 %

AAON stock traded up $19.14 during mid-day trading on Friday, reaching $138.24. 700,606 shares of the company’s stock were exchanged, compared to its average volume of 604,454. The company has a market cap of $11.20 billion, a P/E ratio of 62.27 and a beta of 0.79. AAON has a twelve month low of $57.19 and a twelve month high of $139.63. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $106.07 and a 200-day moving average of $91.54.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Sell-side analysts expect that AAON will post 2.28 EPS for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is 14.41%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC purchased a new position in shares of AAON in the 2nd quarter valued at $29,000. Blue Trust Inc. grew its position in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. Crewe Advisors LLC purchased a new position in AAON during the 2nd quarter worth $35,000. ORG Wealth Partners LLC purchased a new position in AAON during the 3rd quarter worth $37,000. Finally, Signaturefd LLC grew its position in AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.