AAON, Inc. (NASDAQ:AAON) Stock Has Average Price Target of $123.33 According to Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $123.33.

AAON has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. DA Davidson reissued a “buy” rating and set a $110.00 price objective on shares of AAON in a research report on Tuesday, September 15th. Oppenheimer reduced their price objective on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Robert W. Baird lowered their target price on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th.

Insider Activity at AAON

In other news, EVP Matthew Shaub purchased 457 shares of the company’s stock in a transaction on Friday, August 28th. The stock was acquired at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the transaction, the executive vice president directly owned 3,136 shares in the company, valued at $239,653.12. This trade represents a 17.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Stewart purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $74.66 per share, with a total value of $74,660.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at approximately $298,640. This trade represents a 33.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 18.09% of the company’s stock.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its holdings in AAON by 3.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock worth $296,664,000 after purchasing an additional 70,399 shares in the last quarter. First Trust Advisors LP raised its position in shares of AAON by 22.1% during the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock valued at $166,594,000 after buying an additional 364,101 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AAON by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock valued at $105,343,000 after buying an additional 20,588 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after buying an additional 1,209,205 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of AAON by 9.7% in the fourth quarter. Capital World Investors now owns 580,774 shares of the construction company’s stock worth $44,284,000 after buying an additional 51,428 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Stock Performance

Shares of NASDAQ AAON opened at $83.27 on Friday. The firm’s 50 day moving average price is $82.80 and its 200-day moving average price is $101.66. The company has a market cap of $6.87 billion, a PE ratio of 43.37, a P/E/G ratio of 1.58 and a beta of 1.41. AAON has a 52-week low of $73.19 and a 52-week high of $150.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 101.2% on a year-over-year basis. On average, equities research analysts expect that AAON will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s payout ratio is 20.83%.

AAON Company Profile

AAON, Inc (NASDAQ:AAON) designs and manufactures high-efficiency heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. The company is headquartered in Tulsa, Oklahoma, and was founded in 1988 by Norm Asbjornson.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers, and related HVAC components. AAON’s equipment is used in applications such as office buildings, schools, healthcare facilities, retail properties, data centers, and other commercial or industrial structures.

AAON sells its products primarily through manufacturer representatives and other distribution channels serving customers in the United States and Canada.