AAON, Inc. (NASDAQ:AAON) Given Consensus Recommendation of “Buy” by Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $112.00.

A number of analysts recently weighed in on AAON shares. Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th.

AAON Trading Down 0.2%

NASDAQ:AAON opened at $126.57 on Wednesday. The firm has a market cap of $10.37 billion, a P/E ratio of 88.51, a PEG ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $124.29 and its 200-day simple moving average is $100.71. AAON has a 12-month low of $62.00 and a 12-month high of $150.46.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. Equities analysts anticipate that AAON will post 2.23 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.10 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s payout ratio is 27.97%.

Insider Transactions at AAON

In related news, Director Gary D. Fields sold 19,000 shares of AAON stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.20, for a total value of $2,663,800.00. Following the sale, the director directly owned 15,252 shares in the company, valued at $2,138,330.40. The trade was a 55.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Casey Kidwell sold 3,153 shares of AAON stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider owned 13,463 shares in the company, valued at approximately $1,861,932.90. This trade represents a 18.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 150,473 shares of company stock valued at $19,516,213. 18.09% of the stock is owned by company insiders.

Institutional Trading of AAON

A number of institutional investors have recently bought and sold shares of the company. Summitry LLC boosted its position in AAON by 2.6% during the first quarter. Summitry LLC now owns 7,830 shares of the construction company’s stock worth $648,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in AAON by 48.0% during the first quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after purchasing an additional 178 shares in the last quarter. California State Teachers Retirement System boosted its position in AAON by 22.7% during the first quarter. California State Teachers Retirement System now owns 80,436 shares of the construction company’s stock worth $6,656,000 after purchasing an additional 14,878 shares in the last quarter. Empowered Funds LLC purchased a new stake in AAON during the first quarter worth $1,312,000. Finally, American Capital Management Inc. boosted its position in AAON by 1.9% during the first quarter. American Capital Management Inc. now owns 276,884 shares of the construction company’s stock worth $22,912,000 after purchasing an additional 5,147 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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.