AAON (NASDAQ:AAON) Upgraded 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 research report sent to investors on Saturday.

Separately, Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price 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 stock. According to MarketBeat, AAON currently has an average rating of "Buy" and an average target price of $111.50.

AAON Trading Up 1.9%

Shares of AAON stock traded up $1.43 during trading on Friday, reaching $74.82. 333,586 shares of the stock were exchanged, compared to its average volume of 657,996. AAON has a 1 year low of $68.98 and a 1 year high of $144.07. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 39.38 and a beta of 0.95. The stock's fifty day moving average is $88.81 and its 200 day moving average is $96.08. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29.

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

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 6th. AAON's payout ratio is currently 21.05%.

Insider Buying and Selling at AAON

In other news, CEO Gary D. Fields sold 8,357 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the sale, the chief executive officer directly owned 26,491 shares in the company, valued at $2,613,602.06. The trade was a 23.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the transaction, the director 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. In the last quarter, insiders sold 70,823 shares of company stock worth $7,122,451. Corporate insiders own 18.70% of the company's stock.

Hedge Funds Weigh In On AAON

Several hedge funds have recently added to or reduced their stakes in AAON. Rakuten Securities Inc. boosted its position in 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 boosted its position in 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 purchased a new stake in AAON in the 4th quarter valued at about $33,000. Quarry LP boosted its position in 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. purchased a new stake in AAON in the 4th quarter valued at about $46,000. 70.81% of the stock is currently owned by 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.