AAON, Inc. (NASDAQ:AAON) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Seven analysts rate AAON an average of "Moderate Buy" (5 buys, 2 holds) with a one‑year average price target of $107.75.
• AAON's latest quarter showed revenue of $424.22 million (up 42.5% YoY) beating estimates, but EPS of $0.39 missed the consensus of $0.45.
• Insider Casey Kidwell sold 5,225 shares at $90 (a 29.21% reduction in their stake); insiders own ~18.7% of the stock while institutional investors hold about 70.8%.

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $107.75.

AAON has been the subject of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Oppenheimer restated an "outperform" rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. William Blair restated an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of AAON in a research report on Wednesday, January 21st.

Insider Transactions at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its position in shares of AAON by 24.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 326,463 shares of the construction company's stock valued at $24,893,000 after buying an additional 64,314 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of AAON in the fourth quarter valued at approximately $488,000. Tulsa Wealth Advisors INC acquired a new stake in shares of AAON in the fourth quarter valued at approximately $645,000. MidFirst Bank acquired a new stake in shares of AAON in the fourth quarter valued at approximately $427,000. Finally, Pacer Advisors Inc. raised its position in shares of AAON by 65.9% in the fourth quarter. Pacer Advisors Inc. now owns 22,286 shares of the construction company's stock valued at $1,699,000 after buying an additional 8,854 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Trading Up 3.9%

AAON stock opened at $90.77 on Friday. AAON has a 52 week low of $62.00 and a 52 week high of $116.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63. The stock has a market capitalization of $7.41 billion, a P/E ratio of 69.82, a PEG ratio of 2.70 and a beta of 1.20. The stock has a 50-day simple moving average of $91.15 and a 200 day simple moving average of $91.13.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million for the quarter, compared to the consensus estimate of $374.10 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company's revenue for the quarter was up 42.5% on a year-over-year basis. Analysts expect that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

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

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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