AAON, Inc. (NASDAQ:AAON) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AAON, Inc. (NASDAQ:AAON) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $104.60.

AAON has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. William Blair reissued an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Finally, Oppenheimer restated an “outperform” rating and set a $115.00 target price on shares of AAON in a research report on Friday, November 7th.

AAON Trading Up 3.9%

Shares of AAON stock opened at $79.19 on Wednesday. AAON has a 1-year low of $62.00 and a 1-year high of $137.90. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 65.45 and a beta of 1.08. The stock has a 50-day moving average of $88.31 and a 200-day moving average of $86.04.

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

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend 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 33.06%.

Insiders Place Their Bets

In related news, EVP Stephen E. Wakefield bought 4,141 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, the executive vice president directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary D. Fields sold 26,746 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the completion of the sale, the director owned 26,340 shares of the company’s stock, valued at $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Impax Asset Management Group plc lifted its holdings in AAON by 25.0% during the second quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after acquiring an additional 117,446 shares during the period. Arcadia Investment Management Corp MI grew its stake in AAON by 88.8% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock valued at $2,052,000 after purchasing an additional 13,087 shares during the period. Advantage Alpha Capital Partners LP purchased a new stake in shares of AAON during the 2nd quarter valued at $5,574,000. Allspring Global Investments Holdings LLC increased its position in shares of AAON by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock valued at $53,751,000 after purchasing an additional 110,715 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new stake in shares of AAON during the 2nd quarter worth $947,000. 70.81% of the stock is owned by institutional investors.

About AAON

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.