Analysts Set AAON, Inc. (NASDAQ:AAON) PT at $126.67

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $126.6667.

A number of research analysts recently weighed in on the company. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Robert W. Baird lowered their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Finally, Oppenheimer reduced their price objective on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th.

Insiders Place Their Bets

In other AAON news, EVP Matthew Shaub bought 457 shares of the business’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the transaction, the executive vice president owned 3,136 shares in the company, valued at approximately $239,653.12. The trade was a 17.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 18.09% of the company’s stock.

Hedge Funds Weigh In On AAON

Several hedge funds have recently bought and sold shares of AAON. Royce & Associates LP lifted its position in shares of AAON by 9.6% in the 4th quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock worth $35,647,000 after buying an additional 40,892 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in AAON by 9.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company’s stock valued at $48,518,000 after acquiring an additional 57,281 shares during the period. Madison Asset Management LLC bought a new position in shares of AAON during the fourth quarter valued at approximately $1,629,000. Empowered Funds LLC bought a new position in shares of AAON during the first quarter valued at approximately $1,312,000. Finally, Wasatch Advisors LP raised its position in shares of AAON by 23.8% during the 1st quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after purchasing an additional 436,704 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Down 3.0%

NASDAQ:AAON opened at $77.02 on Monday. AAON has a 12-month low of $73.19 and a 12-month high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $92.64 and its 200-day simple moving average is $103.36. The firm has a market cap of $6.35 billion, a P/E ratio of 40.11, a PEG ratio of 1.50 and a beta of 1.41.

AAON (NASDAQ:AAON) last released its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The company had revenue of $626.98 million during the quarter, compared to analysts’ expectations of $508.82 million. During the same quarter last year, the business earned $0.22 EPS. The business’s revenue was up 101.2% on a year-over-year basis. Equities analysts anticipate that AAON will post 2.3 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. AAON’s dividend payout ratio is presently 20.83%.

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.