Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $133.00

AAON, Inc. (NASDAQ:AAON) has earned a consensus rating of “Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $133.00.

A number of equities research analysts have recently commented on AAON shares. Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson lifted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th.

AAON Trading Down 0.2 %

Shares of AAON stock opened at $120.19 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 52.95 and a beta of 0.87. AAON has a 52-week low of $68.38 and a 52-week high of $144.07. The company has a 50-day simple moving average of $127.93 and a two-hundred day simple moving average of $106.82.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same period last year, the business posted $0.64 earnings per share. AAON’s revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Insider Activity at AAON

In other news, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the sale, the vice president now directly owns 4,558 shares in the company, valued at $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,329 shares of company stock worth $7,663,726. 18.55% of the stock is owned by corporate insiders.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Westside Investment Management Inc. bought a new stake in AAON during the third quarter valued at $36,000. ORG Wealth Partners LLC purchased a new position in AAON during the third quarter worth about $37,000. Wilmington Savings Fund Society FSB bought a new position in AAON in the 3rd quarter worth about $43,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of AAON by 208.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock valued at $79,000 after acquiring an additional 493 shares in the last quarter. 70.81% of the stock is currently 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.