AAON, Inc. (NASDAQ:AAON) Receives Consensus Rating of “Buy” from Analysts

AAON, Inc. (NASDAQ:AAON) has received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $107.75.

Several equities research analysts recently commented on AAON shares. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th.

Insider Activity

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the sale, the executive vice president directly owned 10,997 shares of the company’s stock, valued at $1,543,868.83. The trade was a 21.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the sale, the insider directly owned 13,463 shares in the company, valued at $1,861,932.90. This trade represents a 18.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 151,468 shares of company stock worth $19,379,796. 18.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummitTX Capital L.P. lifted its holdings in AAON by 1.7% during the 1st quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock valued at $382,000 after purchasing an additional 76 shares during the last quarter. Toronto Dominion Bank grew its stake in AAON by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after buying an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in AAON by 30.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after buying an additional 101 shares during the last quarter. Huntington National Bank grew its stake in AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after buying an additional 120 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Trading Up 3.3%

Shares of NASDAQ AAON opened at $148.25 on Friday. The company’s fifty day moving average is $108.63 and its 200-day moving average is $95.81. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 103.67, a P/E/G ratio of 4.02 and a beta of 1.39. AAON has a twelve month low of $62.00 and a twelve month high of $150.46. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Equities research analysts predict that AAON will post 2.23 EPS for the current year.

AAON Announces Dividend

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

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.