AAON, Inc. (NASDAQ:AAON) Given Average Recommendation of “Buy” by Analysts

by · The Cerbat Gem

AAON, Inc. (NASDAQ:AAON – Get Free Report) has earned a consensus recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $133.00.

Several analysts recently commented on the company. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson increased their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd.

Read Our Latest Stock Analysis on AAON

AAON Trading Down 0.2 %

Shares of NASDAQ AAON opened at $120.19 on Friday. The stock has a market cap of $9.77 billion, a P/E ratio of 52.95 and a beta of 0.87. The firm has a 50 day moving average price of $127.93 and a two-hundred day moving average price of $106.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON has a 52-week low of $68.38 and a 52-week high of $144.07.

AAON (NASDAQ:AAON – Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities analysts forecast that AAON will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON’s payout ratio is 14.10%.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the sale, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,329 shares of company stock valued at $7,663,726. Corporate insiders own 18.55% of the company’s stock.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently made changes to their positions in AAON. JPMorgan Chase & Co. lifted its position in AAON by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock valued at $351,615,000 after acquiring an additional 150,207 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after purchasing an additional 39,059 shares in the last quarter. State Street Corp boosted its position in shares of AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after buying an additional 12,502 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after buying an additional 525,132 shares during the last quarter. Finally, FMR LLC grew its holdings in AAON by 9.6% during the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after buying an additional 151,540 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

About AAON

(Get Free Report

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.

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