Analysts Set AAON, Inc. (NASDAQ:AAON) PT at $107.75

Shares of AAON, Inc. (NASDAQ:AAON) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has 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 brokers that have issued a report on the stock in the last year is $107.75.

A number of research analysts have recently issued reports on AAON shares. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Oppenheimer reiterated an “outperform” rating on shares of AAON in a research report on Friday, May 8th.

AAON Stock Down 7.7%

Shares of NASDAQ AAON opened at $132.62 on Friday. The company has a market capitalization of $10.86 billion, a P/E ratio of 92.74, a price-to-earnings-growth ratio of 4.02 and a beta of 1.39. AAON has a 52-week low of $62.00 and a 52-week high of $150.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The company’s 50 day moving average price is $110.72 and its 200-day moving average price is $96.42.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. Equities analysts forecast that AAON will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s payout ratio is presently 27.97%.

Insider Activity at AAON

In related news, CAO Rebecca Thompson sold 21,914 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the transaction, the chief accounting officer owned 27,681 shares in the company, valued at $2,773,913.01. The trade was a 44.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary D. Fields sold 31,271 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director owned 34,252 shares in the company, valued at $4,592,165.64. The trade was a 47.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 155,698 shares of company stock worth $19,986,463 over the last quarter. 18.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. SummitTX Capital L.P. increased its stake in AAON by 1.7% during the 1st quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock valued at $382,000 after purchasing an additional 76 shares in the last quarter. Toronto Dominion Bank increased its stake in AAON by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after purchasing an additional 99 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in AAON by 30.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank increased its stake in AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.