AAON - AAON Stock Forecast, Price & News

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. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.

AAON Stock Performance

Shares of AAON traded up $1.64 during mid-day trading on Monday, reaching $63.36. The company had a trading volume of 162,470 shares, compared to its average volume of 221,982. AAON has a 52-week low of $47.50 and a 52-week high of $83.79. The company has a quick ratio of 1.20, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.37 billion, a P/E ratio of 59.98 and a beta of 0.69. The stock has a 50 day moving average of $55.76 and a two-hundred day moving average of $55.13.

AAON (NASDAQ:AAON - Get Rating) last issued its quarterly earnings results on Monday, August 8th. The construction company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.11). The business had revenue of $208.80 million for the quarter, compared to analysts' expectations of $204.33 million. AAON had a return on equity of 12.87% and a net margin of 8.37%. The business's revenue for the quarter was up 45.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. On average, analysts expect that AAON will post 1.6 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, June 2nd. This represents a dividend yield of 0.7%. AAON's payout ratio is currently 36.89%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com downgraded AAON from a "hold" rating to a "sell" rating in a research note on Wednesday, August 10th. DA Davidson upped their target price on AAON from $70.00 to $72.00 in a research note on Tuesday, August 9th.

Insider Buying and Selling at AAON

In related news, VP Gordon Douglas Wichman sold 3,398 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $52.15, for a total value of $177,205.70. Following the completion of the sale, the vice president now owns 4,208 shares of the company's stock, valued at $219,447.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Gordon Douglas Wichman sold 3,398 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $52.15, for a total value of $177,205.70. Following the completion of the transaction, the vice president now directly owns 4,208 shares in the company, valued at $219,447.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary D. Fields sold 21,519 shares of the firm's stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $61.41, for a total value of $1,321,481.79. Following the transaction, the chief executive officer now owns 38,189 shares of the company's stock, valued at $2,345,186.49. The disclosure for this sale can be found here. Insiders sold 33,877 shares of company stock valued at $1,983,909 over the last quarter. 19.27% of the stock is currently owned by insiders.