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AAON, Inc. (NASDAQ:AAON) Given Average Recommendation of "Buy" by Brokerages

AAON logo with Construction background

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.
  • Want stock alerts on AAON? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

AAON, Inc. (NASDAQ:AAON - Get Free Report) has been given a consensus rating of "Buy" by the five brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $102.00.

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

View Our Latest Stock Report on AAON

AAON Trading Up 0.1%

Shares of AAON opened at $84.75 on Thursday. The firm's fifty day moving average is $78.55 and its two-hundred day moving average is $85.88. The stock has a market cap of $6.91 billion, a PE ratio of 57.65 and a beta of 0.94. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON has a 52-week low of $62.00 and a 52-week high of $144.07.

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

AAON Dividend Announcement

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

Insider Transactions at AAON

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the firm'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 owned 5,301 shares of the company's stock, valued at $451,009.08. This trade represents a 69.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 18.70% of the stock is currently owned by company insiders.

Institutional Trading of AAON

A number of large investors have recently made changes to their positions in AAON. PFG Advisors raised its holdings in shares of AAON by 114.8% in the 1st quarter. PFG Advisors now owns 20,836 shares of the construction company's stock valued at $1,628,000 after purchasing an additional 11,136 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in AAON in the 4th quarter valued at $210,000. Parallel Advisors LLC grew its position in AAON by 26.3% during the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after purchasing an additional 149 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of AAON in the first quarter valued at about $789,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of AAON by 49.2% during the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock worth $250,000 after buying an additional 1,054 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for AAON (NASDAQ:AAON)

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.

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