AAON (NASDAQ:AAON) Stock Price Up 4.8% – Still a Buy?

AAON, Inc. (NASDAQ:AAON) was up 4.8% during trading on Tuesday . The stock traded as high as $79.25 and last traded at $79.3090. Approximately 623,353 shares were traded during trading, a decline of 39% from the average daily volume of 1,016,682 shares. The stock had previously closed at $75.70.

Wall Street Analyst Weigh In

A number of analysts recently commented on AAON shares. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Finally, William Blair reiterated an “outperform” rating on shares of AAON in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Trading Up 5.1%

The stock has a market capitalization of $6.50 billion, a P/E ratio of 65.91 and a beta of 1.06. The stock’s fifty day moving average price is $90.26 and its two-hundred day moving average price is $85.90. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $322.05 million during the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. Equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s dividend payout ratio (DPR) is currently 33.06%.

Insider Buying and Selling at AAON

In other AAON news, Director Gary D. Fields sold 26,746 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the transaction, the director owned 26,340 shares in the company, valued at approximately $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen E. Wakefield acquired 4,141 shares of the stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the purchase, the executive vice president owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The disclosure for this purchase is available in the SEC filing. 18.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AAON. Wellington Management Group LLP raised its holdings in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after acquiring an additional 1,138,658 shares during the period. Blair William & Co. IL raised its position in shares of AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock worth $168,155,000 after acquiring an additional 102,382 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of AAON by 27.1% in the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after purchasing an additional 456,560 shares during the period. Finally, Geneva Capital Management LLC boosted its position in shares of AAON by 7.3% during the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock valued at $150,210,000 after purchasing an additional 139,024 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.