AAON, Inc. (NASDAQ:AAON) Stock Has Average Target Price of $123.33

Shares of AAON, Inc. (NASDAQ:AAON) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three investment 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 brokers that have issued a report on the stock in the last year is $123.33.

AAON has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. DA Davidson reiterated a “buy” rating and issued a $110.00 price target on shares of AAON in a research note on Tuesday, September 15th. Robert W. Baird lowered their price target on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, KeyCorp restated a “sector weight” rating on shares of AAON in a report on Thursday, August 13th.

Insiders Place Their Bets

In other AAON news, EVP Matthew Shaub acquired 457 shares of the stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $76.42 per share, with a total value of $34,923.94. Following the transaction, the executive vice president owned 3,136 shares in the company, valued at $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 can be accessed through the SEC website. Also, Director David Stewart acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the acquisition, the director owned 4,000 shares in the company, valued at approximately $298,640. The trade was a 33.33% increase in their position. The SEC filing for this purchase provides additional information. 18.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

Several institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its stake in AAON by 3.1% in the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after purchasing an additional 70,399 shares during the last quarter. First Trust Advisors LP lifted its position in shares of AAON by 22.1% during the 1st quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock worth $166,594,000 after buying an additional 364,101 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AAON by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock worth $105,343,000 after buying an additional 20,588 shares during the last quarter. Franklin Resources Inc. raised its stake in AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after acquiring an additional 1,209,205 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in AAON during the 2nd quarter worth $55,284,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Down 1.4%

NASDAQ:AAON opened at $85.95 on Friday. AAON has a 12-month low of $73.19 and a 12-month high of $150.46. The firm has a market cap of $7.09 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41. 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 has a fifty day moving average price of $82.37 and a 200 day moving average price of $101.86.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. The company had revenue of $626.98 million for the quarter, compared to the consensus estimate of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%.AAON’s revenue was up 101.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. Sell-side analysts anticipate that AAON will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

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

AAON Company Profile

AAON, Inc (NASDAQ:AAON) designs and manufactures high-efficiency heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. The company is headquartered in Tulsa, Oklahoma, and was founded in 1988 by Norm Asbjornson.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers, and related HVAC components. AAON’s equipment is used in applications such as office buildings, schools, healthcare facilities, retail properties, data centers, and other commercial or industrial structures.

AAON sells its products primarily through manufacturer representatives and other distribution channels serving customers in the United States and Canada.