AAON, Inc. (NASDAQ:AAON) Receives $133.00 Consensus Target Price from Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been given a consensus rating of “Buy” by the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $133.00.

AAON has been the subject of several recent research reports. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W raised 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 target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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 $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,967 shares of company stock valued at $6,961,357. 18.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAON

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Westside Investment Management Inc. acquired a new position in AAON in the third quarter valued at approximately $36,000. ORG Partners LLC purchased a new stake in AAON in the 2nd quarter worth approximately $29,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter worth approximately $37,000. Finally, Crewe Advisors LLC purchased a new position in shares of AAON during the 2nd quarter valued at approximately $35,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 0.0 %

AAON stock opened at $131.32 on Wednesday. The company has a market capitalization of $10.67 billion, a PE ratio of 57.85 and a beta of 0.83. 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 has a 12 month low of $67.99 and a 12 month high of $144.07. The firm’s 50-day moving average is $123.82 and its 200 day moving average is $100.76.

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. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that AAON will post 2.26 EPS for the current year.

AAON Dividend Announcement

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

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.