Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $112.00

AAON, Inc. (NASDAQ:AAON) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $112.00.

Several research firms have weighed in on AAON. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Finally, KeyCorp initiated coverage on shares of AAON in a research note on Thursday. They issued a “sector weight” rating on the stock.

Insider Transactions at AAON

In related news, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the transaction, the chief executive officer owned 114,371 shares in the company, valued at $15,482,402.27. This represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 118,980 shares of company stock valued at $16,361,330. Corporate insiders own 18.09% of the company’s stock.

Institutional Trading of AAON

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. boosted its holdings in AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after purchasing an additional 1,209,205 shares in the last quarter. Norges Bank bought a new stake in AAON in the fourth quarter worth $41,584,000. Impax Asset Management Group plc increased its position in AAON by 53.2% during the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock worth $107,028,000 after buying an additional 487,601 shares during the last quarter. Finally, Wasatch Advisors LP increased its position in AAON by 27.1% during the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after buying an additional 456,560 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Price Performance

Shares of NASDAQ:AAON opened at $107.68 on Friday. The company’s fifty day moving average is $125.85 and its two-hundred day moving average is $105.33. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON has a 12-month low of $62.00 and a 12-month high of $150.46. The company has a market cap of $8.82 billion, a P/E ratio of 75.30, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.AAON’s revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Equities analysts expect that AAON will post 2.25 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio (DPR) is 27.97%.

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.