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

Shares of AAON, Inc. (NASDAQ:AAON) have received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $107.75.

A number of equities analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st.

AAON Stock Up 1.5%

NASDAQ:AAON opened at $141.70 on Tuesday. The company’s 50-day simple moving average is $91.90 and its 200-day simple moving average is $91.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $149.00. The stock has a market capitalization of $11.61 billion, a P/E ratio of 99.09, a P/E/G ratio of 4.36 and a beta of 1.24.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. AAON’s revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that AAON will post 2 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. AAON’s dividend payout ratio is 27.97%.

Insider Activity at AAON

In related news, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the sale, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This trade represents a 29.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Rebecca Thompson sold 21,914 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. This represents a 44.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,790 shares of company stock valued at $4,986,339 over the last ninety days. 18.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AAON

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the period. CBIZ Investment Advisory Services LLC acquired a new position in shares of AAON in the third quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings in shares of AAON by 59.5% in the third 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 during the period. Summit Securities Group LLC purchased a new position in shares of AAON in the fourth quarter worth about $45,000. Finally, Danske Bank A S purchased a new position in shares of AAON in the third quarter worth about $47,000. 70.81% of the stock is owned by institutional investors and hedge funds.

About AAON

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.