Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $102.00

Key Points

• AAON, Inc. has received a consensus recommendation of "Buy" from five analysts, with an average 12-month price objective of $102.00.
• Recently, AAON reported a quarterly earnings miss with an EPS of $0.22, falling short of the expected $0.31 and reflecting a 0.6% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.10 to be paid on September 26th, which represents an annualized yield of 0.4%.

AAON, Inc. (NASDAQ:AAON - Get Free Report) has earned an average rating of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $102.00.

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

AAON Trading Up 1.5%

AAON traded up $1.38 during trading on Monday, hitting $92.94. 1,082,209 shares of the stock traded hands, compared to its average volume of 1,038,701. The firm has a market capitalization of $7.58 billion, a P/E ratio of 63.22 and a beta of 1.00. 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 firm has a 50-day moving average of $81.87 and a 200 day moving average of $83.83. AAON has a 12-month low of $62.00 and a 12-month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). The firm had revenue of $311.57 million for the quarter, compared to analysts' expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Equities research analysts anticipate that AAON will post 2.26 EPS for the current year.

AAON Dividend Announcement

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

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. The trade was a 27.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider directly owned 5,301 shares of the company's stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On AAON

Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Advisors increased its holdings in shares of AAON by 114.8% in the first quarter. PFG Advisors now owns 20,836 shares of the construction company's stock worth $1,628,000 after purchasing an additional 11,136 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of AAON in the 4th quarter worth approximately $210,000. Parallel Advisors LLC boosted its holdings in shares of AAON by 26.3% in 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 period. Teacher Retirement System of Texas purchased a new position in shares of AAON during the first quarter valued at approximately $789,000. Finally, Sequoia Financial Advisors LLC increased its stake in AAON by 49.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock worth $250,000 after purchasing an additional 1,054 shares during the period. Institutional investors own 70.81% of the company's stock.

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.