Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $115.50

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $115.50.

Several equities analysts recently commented on the company. DA Davidson dropped their target price on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 28th. StockNews.com lowered AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Robert W. Baird decreased their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. Finally, CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Friday, February 28th.

Insider Buying and Selling at AAON

In related news, CEO Gary D. Fields sold 37,189 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the transaction, the chief executive officer now directly owns 63,714 shares of the company's stock, valued at $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David Raymond Stewart purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.86 per share, with a total value of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company's stock, valued at $242,580. This represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of AAON by 6.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock valued at $455,000 after acquiring an additional 244 shares during the period. Avior Wealth Management LLC lifted its position in shares of AAON by 5,040.4% during the 4th quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock valued at $284,000 after acquiring an additional 2,369 shares during the period. SG Americas Securities LLC lifted its position in shares of AAON by 691.1% during the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock valued at $2,903,000 after acquiring an additional 21,548 shares during the period. Caldwell Investment Management Ltd. acquired a new stake in shares of AAON during the 4th quarter valued at approximately $1,099,000. Finally, JPMorgan Chase & Co. lifted its position in shares of AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after acquiring an additional 150,207 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Up 2.7%

Shares of AAON stock traded up $2.76 during trading hours on Wednesday, reaching $106.87. 443,976 shares of the company were exchanged, compared to its average volume of 666,376. AAON has a 1 year low of $68.98 and a 1 year high of $144.07. The stock's fifty day moving average is $86.05 and its 200 day moving average is $107.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a market cap of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that AAON will post 2.26 earnings per share for the current year.

AAON declared that its board has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. AAON's dividend payout ratio is presently 21.05%.

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.