AAON, Inc. (NASDAQ:AAON) Receives $112.00 Average Price Target from Brokerages

AAON, Inc. (NASDAQ:AAON) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $112.00.

AAON has been the topic of several research reports. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th.

Insider Activity at AAON

In other AAON news, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares in the company, valued at $1,861,932.90. The trade was a 18.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the sale, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at $15,482,402.27. The trade was a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 148,186 shares of company stock valued at $19,287,262 in the last 90 days. 18.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently modified their holdings of AAON. Comerica Bank boosted its stake in shares of AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after acquiring an additional 45,660 shares during the period. Royce & Associates LP raised its stake in AAON by 9.6% during the 4th quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock valued at $35,647,000 after purchasing an additional 40,892 shares during the period. Stephens Investment Management Group LLC lifted its holdings in AAON by 9.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company’s stock worth $48,518,000 after purchasing an additional 57,281 shares in the last quarter. Nepsis Inc. lifted its holdings in AAON by 26.7% in the 4th quarter. Nepsis Inc. now owns 117,707 shares of the construction company’s stock worth $8,975,000 after purchasing an additional 24,791 shares in the last quarter. Finally, Westview Management dba Westview Investment Advisors purchased a new position in AAON in the 4th quarter worth approximately $1,357,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Price Performance

AAON opened at $105.61 on Friday. The company’s 50-day simple moving average is $127.06 and its two-hundred day simple moving average is $104.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market capitalization of $8.65 billion, a P/E ratio of 73.85, a P/E/G ratio of 2.91 and a beta of 1.41. AAON has a 52-week low of $62.00 and a 52-week high of $150.46.

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

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, June 5th. AAON’s dividend payout ratio is 27.97%.

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.