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

AAON, Inc. (NASDAQ:AAON) has received a consensus rating of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $133.00.

Several equities analysts recently commented on the company. 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. DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird raised their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th.

AAON Price Performance

Shares of AAON opened at $116.38 on Thursday. The firm has a fifty day moving average price of $126.76 and a 200 day moving average price of $111.36. AAON has a 1-year low of $70.14 and a 1-year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The stock has a market cap of $9.46 billion, a PE ratio of 51.27 and a beta of 0.87.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.27%. AAON’s dividend payout ratio is presently 14.10%.

Insider Buying and Selling at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock worth $7,663,726 in the last ninety days. 18.55% of the stock is owned by insiders.

Hedge Funds Weigh In On AAON

Several institutional investors have recently made changes to their positions in AAON. Mather Group LLC. boosted its position in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Blue Trust Inc. lifted its stake in AAON by 202.0% in the third 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 last quarter. Westside Investment Management Inc. acquired a new position in shares of AAON during the third quarter valued at $36,000. ORG Wealth Partners LLC bought a new position in shares of AAON during the third quarter worth about $37,000. Finally, UMB Bank n.a. increased its holdings in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after acquiring an additional 131 shares during the period. 70.81% of the stock is owned by institutional investors.

AAON Company Profile

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.