AAON, Inc. (NASDAQ:AAON) Receives $111.50 Average PT from Brokerages

AAON, Inc. (NASDAQ:AAON - Get Free Report) has received a consensus rating of "Buy" from the five analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $111.50.

A number of equities research analysts recently issued reports on AAON shares. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

AAON Stock Performance

Shares of AAON stock traded up $3.20 during trading hours on Wednesday, hitting $79.99. 2,461,252 shares of the company's stock traded hands, compared to its average volume of 671,357. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 42.10 and a beta of 0.95. AAON has a 12-month low of $68.98 and a 12-month high of $144.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. The company has a fifty day simple moving average of $87.92 and a 200-day simple moving average of $95.50.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a net margin of 12.60% and a return on equity of 20.23%. The company had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. During the same quarter last year, the business posted $0.46 EPS. AAON's quarterly revenue was up 22.9% compared to the same quarter last year. Equities research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio is 21.05%.

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 8,357 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the sale, the chief executive officer owned 26,491 shares of the company's stock, valued at approximately $2,613,602.06. This represents a 23.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the transaction, the director directly owned 8,754 shares in the company, valued at $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,823 shares of company stock valued at $7,122,451. 18.70% of the stock is currently owned by company insiders.

Institutional Trading of AAON

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in AAON by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after buying an additional 276,722 shares during the period. Blair William & Co. IL increased its stake in AAON by 86.2% during the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock valued at $170,143,000 after purchasing an additional 1,007,906 shares in the last quarter. Invesco Ltd. lifted its position in AAON by 15.6% in the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after acquiring an additional 274,119 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of AAON by 13.1% during the first quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock valued at $148,269,000 after buying an additional 219,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AAON by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock valued at $109,598,000 after purchasing an additional 66,536 shares during the last quarter. 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.