AAON (NASDAQ:AAON) Raised to "Hold" at Wall Street Zen

Wall Street Zen upgraded shares of AAON (NASDAQ:AAON - Free Report) from a sell rating to a hold rating in a report released on Saturday.

Separately, Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a research report on Monday, June 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $111.50.

AAON Trading Down 0.1%

NASDAQ:AAON traded down $0.08 during trading hours on Friday, hitting $75.20. 439,959 shares of the company were exchanged, compared to its average volume of 656,652. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 39.58 and a beta of 0.95. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. AAON has a one year low of $68.98 and a one year high of $144.07. The company has a fifty day simple moving average of $89.12 and a 200 day simple moving average of $96.80.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 20.23% and a net margin of 12.60%. AAON's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Sell-side analysts expect that AAON will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, June 6th. AAON's dividend payout ratio (DPR) is presently 21.05%.

Insider Activity

In other news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the transaction, the director directly owned 8,754 shares of the company's stock, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary D. Fields sold 37,189 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the sale, the chief executive officer owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,823 shares of company stock valued at $7,122,451. Corporate insiders own 18.70% of the company's stock.

Institutional Trading of AAON

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. grew its stake in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the period. Versant Capital Management Inc grew its stake in shares of AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares during the period. Twin Tree Management LP acquired a new stake in shares of AAON in the 4th quarter valued at about $33,000. Quarry LP grew its stake in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after buying an additional 103 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of AAON in the 4th quarter valued at about $46,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.