Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a 1-year consensus price target of $35.00 for the company and are expecting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 64 out of 256 based on the ratings given to related companies.

AAON has been the subject of several recent research reports. BidaskClub raised shares of AAON from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. ValuEngine lowered shares of AAON from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research lowered shares of AAON from a “hold” rating to a “strong sell” rating in a report on Monday, November 5th.

In related news, Director Jack E. Short sold 9,123 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $43.81, for a total value of $399,678.63. Following the completion of the sale, the director now owns 40,275 shares of the company’s stock, valued at approximately $1,764,447.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Gary D. Fields sold 1,600 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $44.22, for a total transaction of $70,752.00. Following the completion of the sale, the president now directly owns 23,743 shares of the company’s stock, valued at approximately $1,049,915.46. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AAON. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in AAON by 14.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,732 shares of the construction company’s stock worth $368,000 after purchasing an additional 1,203 shares during the last quarter. Rhumbline Advisers boosted its stake in AAON by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 102,684 shares of the construction company’s stock worth $3,414,000 after purchasing an additional 1,453 shares during the last quarter. Teachers Advisors LLC boosted its stake in AAON by 1.9% during the 3rd quarter. Teachers Advisors LLC now owns 83,914 shares of the construction company’s stock worth $3,172,000 after purchasing an additional 1,571 shares during the last quarter. Victory Capital Management Inc. boosted its stake in AAON by 17.1% during the 3rd quarter. Victory Capital Management Inc. now owns 12,275 shares of the construction company’s stock worth $464,000 after purchasing an additional 1,794 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in AAON by 32.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 8,568 shares of the construction company’s stock worth $285,000 after purchasing an additional 2,101 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

NASDAQ AAON traded down $0.25 on Friday, hitting $36.02. 1,023 shares of the company’s stock traded hands, compared to its average volume of 144,950. AAON has a 1-year low of $29.05 and a 1-year high of $44.90. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.85 and a beta of 0.92.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 1st. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $112.93 million for the quarter, compared to analyst estimates of $130.58 million. AAON had a net margin of 10.76% and a return on equity of 17.17%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Sell-side analysts forecast that AAON will post 0.81 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Thursday, December 20th. Investors of record on Thursday, November 29th were issued a $0.16 dividend. This represents a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, November 28th. This is a positive change from AAON’s previous semiannual dividend of $0.13. AAON’s payout ratio is presently 33.68%.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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