AAON, Inc. (AAON) – What Are Investment Firms Thinking About This Stock?

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat reports. Three 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 analysts that have updated their coverage on the stock in the last year is $120.00.

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. Robert W. Baird lowered their price target on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. DA Davidson started coverage on AAON in a research note on Tuesday, September 15th. They set a “buy” rating and a $110.00 price target on the stock. Finally, Oppenheimer restated an “outperform” rating and set a $115.00 price target (down from $125.00) on shares of AAON in a report on Wednesday, October 14th.

Insider Activity

In related news, EVP Matthew Shaub bought 457 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of $76.42 per share, with a total value of $34,923.94. Following the completion of the purchase, the executive vice president directly owned 3,136 shares in the company, valued at $239,653.12. The trade was a 17.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Stewart acquired 1,000 shares of AAON stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $74.66 per share, with a total value of $74,660.00. Following the purchase, the director directly owned 4,000 shares of the company’s stock, valued at approximately $298,640. This trade represents a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 18.09% of the stock is currently owned by insiders.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its position in shares of AAON by 363.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 477 shares of the construction company’s stock valued at $39,000 after acquiring an additional 374 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of AAON by 48.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock valued at $45,000 after buying an additional 178 shares in the last quarter. Summit Securities Group LLC raised its position in shares of AAON by 73.9% during the 1st quarter. Summit Securities Group LLC now owns 1,024 shares of the construction company’s stock valued at $85,000 after buying an additional 435 shares in the last quarter. NI Acquisitions Company LLC purchased a new stake in shares of AAON during the 2nd quarter valued at $102,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of AAON during the 3rd quarter worth $103,000. 70.81% of the stock is owned by institutional investors.

AAON Price Performance

NASDAQ:AAON opened at $67.40 on Tuesday. AAON has a one year low of $65.55 and a one year high of $150.46. The company has a market cap of $5.56 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.25 and a beta of 1.41. The firm’s fifty day moving average price is $78.65 and its two-hundred day moving average price is $97.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 2.01.

AAON (NASDAQ:AAON) last posted its quarterly earnings data 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 firm had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business’s revenue for the quarter was up 101.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities analysts expect that AAON will post 2.35 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, September 4th. AAON’s dividend payout ratio is presently 20.83%.

About AAON

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.