AAON, Inc. (NASDAQ:AAON) Receives $102.00 Consensus PT from Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $105.00.

A number of brokerages have recently weighed in on AAON. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their price objective for the company from $102.00 to $111.00 in a report on Tuesday. Baird R W raised shares of AAON to a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird upped their price objective on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th.

Insider Activity

In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the transaction, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the sale, the director now directly owns 5,135 shares in the company, valued at $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after acquiring an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after acquiring an additional 561,195 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of AAON by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock worth $83,596,000 after purchasing an additional 157,699 shares in the last quarter. Finally, BOKF NA increased its position in shares of AAON by 2.0% during the first quarter. BOKF NA now owns 681,522 shares of the construction company’s stock worth $59,960,000 after purchasing an additional 13,140 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 0.6 %

NASDAQ:AAON opened at $106.26 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a twelve month low of $52.24 and a twelve month high of $113.86. The company has a market cap of $8.74 billion, a PE ratio of 49.42 and a beta of 0.80. The company’s 50 day moving average is $100.47 and its two-hundred day moving average is $89.23.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Analysts anticipate that AAON will post 2.28 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. AAON’s payout ratio is 14.88%.

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.