AAON, Inc. (NASDAQ:AAON) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• AAON, Inc. has received a consensus rating of "Moderate Buy" from analysts, with two holding, five buying, and one strongly buying the stock.
• The average 12-month price target for AAON shares is $104.00, although various brokerages have issued differing target prices, ranging from $98.00 to $125.00.
• AAON recently declared a quarterly dividend of $0.10 per share, representing a 0.4% dividend yield and a payout ratio of 27.21%.

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $104.00.

Several brokerages have recently weighed in on AAON. DA Davidson reduced their target price on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of AAON in a research report on Wednesday, October 8th. Oppenheimer boosted their price target on AAON from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Tuesday. Zacks Research upgraded AAON from a "strong sell" rating to a "hold" rating in a research report on Monday. Finally, Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th.

AAON Trading Down 4.0%

Shares of AAON stock opened at $100.05 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 68.06 and a beta of 1.05. The stock has a 50 day simple moving average of $88.37 and a 200-day simple moving average of $85.91. AAON has a 1-year low of $62.00 and a 1-year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The business had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. On average, equities research analysts expect that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON's payout ratio is presently 27.21%.

Insider Activity at AAON

In related news, CFO Rebecca Thompson sold 9,350 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the sale, the chief financial officer directly owned 24,396 shares in the company, valued at approximately $1,978,271.64. The trade was a 27.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the sale, the insider owned 5,301 shares of the company's stock, valued at $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by insiders.

Institutional Trading of AAON

Large investors have recently added to or reduced their stakes in the stock. PFG Advisors grew its holdings in 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 buying an additional 11,136 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in AAON in the 1st quarter valued at $789,000. Wealth Enhancement Advisory Services LLC grew its holdings in AAON by 1,485.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,329 shares of the construction company's stock valued at $2,213,000 after buying an additional 26,542 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in AAON by 49.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock valued at $250,000 after buying an additional 1,054 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in AAON in the 1st quarter valued at $245,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

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.

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