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

Shares of AAON, Inc. (NASDAQ:AAON) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $126.6667.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Oppenheimer reduced their target price on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research report on Thursday. Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Robert W. Baird cut their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th.

Insider Buying and Selling

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the sale, the executive vice president directly owned 10,997 shares in the company, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary D. Fields sold 21,173 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the completion of the sale, the director directly owned 34,252 shares in the company, valued at $4,806,925.68. This trade represents a 38.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,403 shares of company stock worth $6,663,055. 18.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in AAON in the second quarter valued at $2,505,000. American Capital Management Inc. acquired a new stake in AAON during the 2nd quarter worth about $47,595,000. Ranger Investment Management L.P. purchased a new position in shares of AAON during the 2nd quarter valued at about $30,574,000. Barbara Oil Co. purchased a new position in shares of AAON during the 2nd quarter valued at about $1,537,000. Finally, Madison Asset Management LLC acquired a new position in shares of AAON in the 2nd quarter valued at about $3,867,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.3%

AAON stock opened at $88.09 on Thursday. The stock has a market capitalization of $7.26 billion, a PE ratio of 45.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. AAON has a 52 week low of $73.19 and a 52 week high of $150.46. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $110.09 and a 200 day moving average of $105.65.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The business had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. AAON’s revenue for the quarter was up 101.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. Sell-side analysts forecast that AAON will post 2.3 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.10 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio is currently 20.83%.

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.