AAON, Inc. (NASDAQ:AAON) Receives $104.60 Consensus PT from Brokerages

AAON, Inc. (NASDAQ:AAON) has received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $104.60.

AAON has been the subject of several recent analyst reports. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Oppenheimer restated an “outperform” rating and issued a $115.00 price target on shares of AAON in a research report on Friday, November 7th. William Blair reissued an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st.

Insider Buying and Selling at AAON

In related news, EVP Stephen E. Wakefield acquired 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was bought at an average price of $77.59 per share, with a total value of $321,300.19. Following the transaction, the executive vice president directly owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Fields sold 3,553 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,769,387.60. The trade was a 11.89% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On AAON

Several large investors have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new stake in AAON during the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of AAON in the second quarter worth $26,000. Jones Financial Companies Lllp raised its stake in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after acquiring an additional 141 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of AAON in the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Up 2.3%

NASDAQ AAON opened at $93.31 on Friday. AAON has a 12 month low of $62.00 and a 12 month high of $118.88. The stock has a 50-day simple moving average of $84.88 and a 200 day simple moving average of $87.78. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $7.62 billion, a PE ratio of 77.12 and a beta of 1.08.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Research analysts forecast that AAON will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, November 26th. AAON’s dividend payout ratio is presently 33.06%.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.