AAON, Inc. (NASDAQ:AAON) Receives $104.00 Consensus Target Price from Analysts

AAON, Inc. (NASDAQ:AAON) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $104.00.

AAON has been the subject of several recent research reports. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Robert W. Baird reduced their price target on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Oppenheimer boosted their price target on AAON from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. DA Davidson reduced their price target on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th.

AAON Trading Down 2.8%

AAON opened at $97.24 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 66.15 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. AAON has a 12 month low of $62.00 and a 12 month high of $144.07. The stock has a fifty day moving average price of $88.70 and a 200-day moving average price of $86.12.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. The firm had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. As a group, equities research analysts anticipate that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio is currently 27.21%.

Insider Activity

In related news, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at $1,978,271.64. This represents a 27.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Douglas Eason sold 12,003 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its holdings in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after purchasing an additional 276 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of AAON in the second quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of AAON in the second quarter valued at about $53,000. Finally, UMB Bank n.a. increased its holdings in shares of AAON by 32.9% in the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.