AAON (NASDAQ:AAON) Stock Rating Upgraded by Wall Street Zen

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

Separately, Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research note on Monday, June 16th. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $111.50.

AAON Price Performance

Shares of AAON stock traded down $2.49 during mid-day trading on Friday, reaching $72.76. 295,490 shares of the stock were exchanged, compared to its average volume of 655,902. AAON has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 38.18 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. The firm has a 50-day simple moving average of $89.12 and a 200 day simple moving average of $96.43.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a net margin of 12.60% and a return on equity of 20.23%. The firm's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, sell-side analysts predict that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio (DPR) is presently 21.05%.

Insider Activity at AAON

In related news, CEO Gary D. Fields sold 8,357 shares of AAON stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total transaction of $824,501.62. Following the sale, the chief executive officer directly owned 26,491 shares of the company's stock, valued at approximately $2,613,602.06. The trade was a 23.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director directly owned 8,754 shares in the company, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,823 shares of company stock worth $7,122,451 over the last ninety days. 18.55% of the stock is currently owned by insiders.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently made changes to their positions in AAON. Rakuten Securities Inc. grew its stake in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after buying an additional 276 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the last quarter. Twin Tree Management LP bought a new stake in AAON during the 4th quarter worth approximately $33,000. Quarry LP raised its position in shares of AAON by 49.0% during the fourth 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 last quarter. Finally, Whittier Trust Co. bought a new stake in AAON in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

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.