AAON (NASDAQ:AAON) Rating Lowered to "Sell" at Wall Street Zen

Wall Street Zen lowered shares of AAON (NASDAQ:AAON - Free Report) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AAON has an average rating of "Moderate Buy" and an average price target of $111.50.

AAON Price Performance

AAON stock traded down $3.26 during trading on Friday, reaching $75.43. 693,818 shares of the company were exchanged, compared to its average volume of 694,508. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. AAON has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a 50-day moving average of $85.25 and a two-hundred day moving average of $93.30. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 39.61 and a beta of 0.95.

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, beating 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 for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter 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 analysts predict that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

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

Insider Transactions at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the firm'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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary D. Fields sold 37,189 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer directly owned 63,714 shares in the company, valued at $6,256,714.80. This trade represents a 36.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,823 shares of company stock valued at $7,122,451. 18.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after purchasing an additional 276,722 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of AAON by 86.2% in the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock valued at $170,143,000 after purchasing an additional 1,007,906 shares during the last quarter. Invesco Ltd. grew its holdings in shares of AAON by 15.6% in the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after acquiring an additional 274,119 shares during the period. Geneva Capital Management LLC boosted its holdings in shares of AAON by 13.1% during the first quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company's stock worth $148,269,000 after purchasing an additional 219,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AAON by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after acquiring an additional 66,536 shares during the last quarter. 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.