Brokerages Set AAON, Inc. (NASDAQ:AAON) PT at $112.00

AAON, Inc. (NASDAQ:AAON) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $112.00.

Several equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th.

AAON Stock Performance

Shares of AAON stock opened at $126.57 on Wednesday. AAON has a 12 month low of $62.00 and a 12 month high of $150.46. The business has a 50-day moving average of $124.29 and a 200 day moving average of $100.59. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 88.51, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

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

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, June 5th. AAON’s payout ratio is 27.97%.

Insider Activity

In other AAON news, CAO Rebecca Thompson sold 21,914 shares of the business’s stock in a transaction that occurred 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 completion of 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 SEC, which is available at this link. Also, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the transaction, the insider owned 13,463 shares of the company’s stock, valued at $1,861,932.90. This trade represents a 18.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 150,473 shares of company stock worth $19,516,213. Insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after buying an additional 2,099,385 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in 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 acquiring an additional 1,138,658 shares in the last quarter. Wasatch Advisors LP boosted its stake in AAON by 23.8% in the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock valued at $187,687,000 after acquiring an additional 436,704 shares in the last quarter. First Trust Advisors LP boosted its stake in AAON by 22.1% in the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock valued at $166,594,000 after acquiring an additional 364,101 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in AAON by 5.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after acquiring an additional 84,693 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.