Brokerages Set AAON, Inc. (NASDAQ:AAON) Price Target at $133.00

AAON, Inc. (NASDAQ:AAON) has earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $133.00.

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

Insider Transactions at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. This trade represents a 22.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,329 shares of company stock worth $7,663,726. 18.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAON

A number of hedge funds have recently modified their holdings of AAON. Blue Trust Inc. boosted its stake in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of AAON during the third quarter worth about $36,000. ORG Wealth Partners LLC purchased a new position in shares of AAON during the third quarter worth about $37,000. Wilmington Savings Fund Society FSB acquired a new position in AAON in the 3rd quarter valued at about $43,000. Finally, Advisors Asset Management Inc. raised its stake in AAON by 208.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock valued at $79,000 after acquiring an additional 493 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Trading Down 1.5 %

Shares of AAON stock opened at $120.44 on Friday. AAON has a 1-year low of $68.38 and a 1-year high of $144.07. The firm has a market cap of $9.79 billion, a PE ratio of 53.06 and a beta of 0.87. The company has a 50-day moving average of $127.82 and a two-hundred day moving average of $106.73. 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 data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.64 EPS. On average, analysts predict that AAON will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. AAON’s payout ratio is currently 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.