AAON, Inc. (NASDAQ:AAON) Receives $126.67 Average PT from Analysts

AAON, Inc. (NASDAQ:AAON) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $126.6667.

A number of analysts have commented on AAON shares. Robert W. Baird dropped their price target on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Oppenheimer decreased their price target on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th.

AAON Stock Performance

NASDAQ:AAON opened at $87.80 on Thursday. The company has a current ratio of 3.01, a quick ratio of 1.75 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $110.97 and a two-hundred day moving average price of $105.59. AAON has a twelve month low of $73.19 and a twelve month high of $150.46. The company has a market capitalization of $7.24 billion, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. During the same quarter in the prior year, the company earned $0.22 EPS. AAON’s revenue was up 101.2% on a year-over-year basis. As a group, research analysts expect that AAON will post 2.3 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is currently 20.83%.

Insider Buying and Selling

In other news, EVP Gordon Douglas Wichman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares in the company, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary D. Fields sold 21,173 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the completion of the sale, the director directly owned 34,252 shares of the company’s stock, valued at approximately $4,806,925.68. This trade represents a 38.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,403 shares of company stock valued at $6,663,055 over the last three months. Company insiders own 18.09% of the company’s stock.

Institutional Trading of AAON

Institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC lifted its holdings in AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after buying an additional 65,813 shares during the period. NewEdge Advisors LLC increased its holdings in shares of AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 294 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after acquiring an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% during 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 last quarter. 70.81% of the stock is currently owned by institutional investors.

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.