AAON, Inc. (NASDAQ:AAON) Receives Average Recommendation of “Buy” from Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been assigned an average recommendation of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $133.00.

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

AAON Stock Up 0.2 %

Shares of NASDAQ:AAON opened at $133.46 on Friday. The business’s 50-day moving average is $110.69 and its 200-day moving average is $93.12. AAON has a 1 year low of $61.09 and a 1 year high of $144.07. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

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

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s payout ratio is 14.10%.

Insider Buying and Selling at AAON

In related news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after acquiring an additional 61,544 shares during the period. Janus Henderson Group PLC grew its position in shares of AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after purchasing an additional 26,141 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AAON by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock worth $49,595,000 after purchasing an additional 6,766 shares during the period. Amalgamated Bank increased its holdings in shares of AAON by 65.2% in the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after purchasing an additional 13,964 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of AAON in the first quarter worth $518,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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.