AAON, Inc. (NASDAQ:AAON) Given Average Rating of "Buy" by Analysts

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $111.50.

AAON has been the subject of several analyst reports. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a research note on Monday, June 16th.

AAON Stock Up 2.7%

AAON stock opened at $75.34 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 39.65 and a beta of 0.95. AAON has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The stock has a fifty day moving average of $88.54 and a 200-day moving average of $95.93.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. AAON's dividend payout ratio (DPR) is presently 21.05%.

Insider Transactions at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the sale, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 8,357 shares of AAON stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the sale, the chief executive officer owned 26,491 shares of the company's stock, valued at approximately $2,613,602.06. This trade represents a 23.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,823 shares of company stock valued at $7,122,451. Corporate insiders own 18.55% of the company's stock.

Institutional Trading of AAON

A number of large investors have recently modified their holdings of AAON. Blair William & Co. IL boosted its position in shares of 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 acquiring an additional 1,007,906 shares during the last quarter. Norges Bank purchased a new position in shares of AAON during the 4th quarter valued at about $76,581,000. Mawer Investment Management Ltd. purchased a new position in shares of AAON during the 1st quarter valued at about $44,219,000. Brown Advisory Inc. purchased a new position in shares of AAON during the 1st quarter valued at about $41,180,000. Finally, First Trust Advisors LP raised its holdings in shares of AAON by 85.6% during the 4th quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock valued at $125,813,000 after buying an additional 493,219 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.