Brokerages Set AAON, Inc. (NASDAQ:AAON) PT at $126.67

AAON, Inc. (NASDAQ:AAON) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $126.6667.

A number of research analysts have commented on AAON shares. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Oppenheimer dropped their target price on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Robert W. Baird reduced their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th.

AAON Trading Down 1.3%

Shares of NASDAQ:AAON opened at $80.99 on Thursday. AAON has a 12-month low of $73.19 and a 12-month high of $150.46. The business has a 50 day moving average of $108.34 and a 200-day moving average of $105.50. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.68 billion, a PE ratio of 42.18, a P/E/G ratio of 1.55 and a beta of 1.45.

AAON (NASDAQ:AAON) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. The company had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm’s quarterly revenue was up 101.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. As a group, equities research analysts forecast that AAON will post 2.3 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON’s dividend payout ratio is presently 20.83%.

Insider Activity

In related news, Director Gary D. Fields sold 19,000 shares of the business’s 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 completion of the sale, the director directly owned 15,252 shares in the company, valued at approximately $2,138,330.40. The trade was a 55.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rebecca Thompson sold 4,230 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total value of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 47,403 shares of company stock worth $6,663,055. Corporate insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after buying an additional 164 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of AAON in the 4th quarter valued at approximately $45,000. Danske Bank A S acquired a new position in shares of AAON in the 3rd quarter valued at approximately $47,000. Huntington National Bank lifted its holdings in shares of AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of AAON by 46.8% during the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.