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

Key Points

• Shares of AAON carry a consensus rating of “Moderate Buy” from seven brokerages (five buys, two holds) with an average 1‑year price target of $107.75; several analysts (Oppenheimer, DA Davidson) have recently raised targets into the $118–$120 range.
• In the most recent quarter AAON reported EPS of $0.39, missing estimates by $0.06, while revenue of $424.2 million beat forecasts and rose 42.5% year‑over‑year.
• The company declared a $0.10 quarterly dividend (annualized yield 0.4%), and insiders have recently sold shares (about 37,118 shares worth roughly $3.7M), while institutional investors own roughly 70.8% of the stock.

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $107.75.

Several research firms recently issued reports on AAON. Oppenheimer reissued an "outperform" rating and issued a $118.00 price target (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. William Blair reissued an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. DA Davidson reissued a "buy" rating and issued a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th.

AAON Stock Performance

Shares of AAON stock opened at $91.90 on Tuesday. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 70.69, a price-to-earnings-growth ratio of 2.92 and a beta of 1.24. AAON has a 52 week low of $62.00 and a 52 week high of $116.04. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $89.90 and a 200-day moving average of $90.69.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The business's quarterly revenue was up 42.5% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities analysts forecast that AAON will post 2 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON's dividend payout ratio (DPR) is presently 30.77%.

Insider Buying and Selling at AAON

In related news, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the sale, the insider owned 12,662 shares of the company's stock, valued at approximately $1,139,580. This trade represents a 29.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Rebecca Thompson sold 400 shares of AAON stock in a transaction on Monday, April 27th. The shares were sold at an average price of $100.27, for a total transaction of $40,108.00. Following the completion of the sale, the chief accounting officer directly owned 27,681 shares of the company's stock, valued at approximately $2,775,573.87. The trade was a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 37,118 shares of company stock valued at $3,665,241. 18.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAON

Hedge funds have recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC purchased a new position in AAON during the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock worth $25,000 after acquiring an additional 164 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Danske Bank A S purchased a new position in AAON during the 3rd quarter worth $47,000. Finally, Huntington National Bank boosted its holdings in AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company's stock worth $53,000 after acquiring an additional 121 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

About AAON

AAON, Inc NASDAQ: AAON is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company's product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON's core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.

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