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

AAON, Inc. (NASDAQ:AAON) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $104.60.

A number of research analysts recently commented on AAON shares. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Finally, Robert W. Baird reduced their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th.

AAON Price Performance

AAON stock opened at $94.04 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $95.90 and a 200 day moving average price of $88.77. AAON has a 12-month low of $62.00 and a 12-month high of $142.20. The stock has a market cap of $7.68 billion, a P/E ratio of 63.97 and a beta of 1.05.

AAON (NASDAQ:AAON) last posted its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The company had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. Sell-side analysts anticipate that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, November 26th. AAON’s dividend payout ratio is currently 33.06%.

Insider Buying and Selling

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 51,652 shares of company stock valued at $4,966,916. Company insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On AAON

Several hedge funds have recently bought and sold shares of AAON. Vanguard Group Inc. boosted its holdings in AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock valued at $509,111,000 after acquiring an additional 276,722 shares during the period. Wellington Management Group LLP boosted its stake in shares of AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after purchasing an additional 1,138,658 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of AAON by 4.7% in the second quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after purchasing an additional 102,382 shares in the last quarter. Finally, Geneva Capital Management LLC increased its stake in AAON by 7.3% during the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock worth $150,210,000 after buying an additional 139,024 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

About AAON

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.