AAON, Inc. (AAON) Given $38.00 Consensus Price Target by Brokerages
Shares of AAON, Inc. (NASDAQ:AAON) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $38.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 66 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on AAON shares. BidaskClub lowered shares of AAON from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.
Large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its position in shares of AAON by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock valued at $132,220,000 after buying an additional 13,725 shares during the last quarter. Vanguard Group Inc. increased its position in AAON by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock worth $130,715,000 after purchasing an additional 43,958 shares during the last quarter. Capital Analysts LLC acquired a new position in AAON during the second quarter worth approximately $121,000. RK Capital Management LLC increased its position in AAON by 4.0% during the second quarter. RK Capital Management LLC now owns 396,943 shares of the construction company’s stock worth $14,627,000 after purchasing an additional 15,100 shares during the last quarter. Finally, Legal & General Group Plc increased its position in AAON by 8.8% during the second quarter. Legal & General Group Plc now owns 77,065 shares of the construction company’s stock worth $2,839,000 after purchasing an additional 6,222 shares during the last quarter. 68.14% of the stock is owned by institutional investors and hedge funds.
AAON (AAON) traded down $0.55 during trading hours on Thursday, hitting $35.70. 102,565 shares of the stock were exchanged, compared to its average volume of 141,594. The firm has a market capitalization of $1,873.11, a price-to-earnings ratio of 37.98, a PEG ratio of 2.45 and a beta of 1.01. AAON has a twelve month low of $29.95 and a twelve month high of $38.20.
AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $113.67 million during the quarter, compared to analyst estimates of $111.76 million. AAON had a net margin of 12.77% and a return on equity of 23.17%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. sell-side analysts forecast that AAON will post 0.97 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be given a $0.13 dividend. This represents a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 29th. AAON’s dividend payout ratio is presently 27.66%.
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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