Analysts Set AAON, Inc. (NASDAQ:AAON) Target Price at $104.60

Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $104.60.

Several brokerages have issued reports on AAON. Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st.

Insider Buying and Selling at AAON

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary D. Fields sold 26,746 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the sale, the director directly owned 26,340 shares of the company’s stock, valued at $2,771,231.40. This represents a 50.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON during the third quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after buying an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of AAON during the 2nd quarter worth about $26,000. Jones Financial Companies Lllp increased its stake in shares of 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 acquiring an additional 141 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of AAON in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 2.4%

AAON opened at $91.06 on Friday. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 75.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04. The firm’s 50-day simple moving average is $84.87 and its 200-day simple moving average is $87.99. AAON has a twelve month low of $62.00 and a twelve month high of $118.88.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Equities research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s dividend payout ratio is currently 33.06%.

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.