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

Key Points

• AAON, Inc. has received a consensus rating of "Buy" from five brokerages, with an average 12-month price target of $102.00.
• The company reported quarterly earnings of $0.22 EPS, missing estimates by $0.09, and had revenue of $311.57 million, down 0.6% year-over-year.
• AAON declared a quarterly dividend of $0.10 per share, representing a 0.5% dividend yield, set to be paid on September 26th.

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have received an average rating of "Buy" from the five research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $102.00.

AAON has been the subject of several recent analyst reports. Wall Street Zen cut shares of AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. DA Davidson decreased their target price on shares of AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Robert W. Baird reduced their target price on shares of AAON from $102.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a report on Monday, June 16th.

Insider Buying and Selling at AAON

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the transaction, the insider directly owned 5,301 shares in the company, valued at $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAON

Institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. raised its stake in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after acquiring an additional 276 shares during the period. EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock worth $25,000 after buying an additional 164 shares during the period. Versant Capital Management Inc increased its stake in AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in AAON in the 2nd quarter worth about $26,000. Finally, Quarry LP increased its stake in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after buying an additional 103 shares during the period. Institutional investors own 70.81% of the company's stock.

AAON Stock Down 1.5%

AAON stock traded down $1.26 during midday trading on Thursday, hitting $81.69. The stock had a trading volume of 582,130 shares, compared to its average volume of 1,442,235. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 55.57 and a beta of 1.00. The business has a 50-day moving average of $79.42 and a two-hundred day moving average of $84.89. AAON has a 52-week low of $62.00 and a 52-week high of $144.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). The business had revenue of $311.57 million for the quarter, compared to analysts' expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. AAON's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 earnings per share. As a group, equities research analysts forecast that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 5th. AAON's dividend payout ratio is currently 27.21%.

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.