AAON, Inc. (NASDAQ:AAON) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $38.00 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 113 out of 265 based on the ratings given to related companies.

Several brokerages have recently issued reports on AAON. BidaskClub lowered shares of AAON from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, August 25th.

Shares of AAON (NASDAQ AAON) opened at $36.30 on Thursday. The firm has a market capitalization of $1,970.19, a PE ratio of 39.95, a price-to-earnings-growth ratio of 2.58 and a beta of 1.01. AAON has a 1-year low of $29.95 and a 1-year high of $38.20.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). AAON had a net margin of 12.77% and a return on equity of 23.17%. The business had revenue of $113.67 million during the quarter, compared to the consensus estimate of $111.76 million. During the same period in the previous year, the business posted $0.29 EPS. AAON’s revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that AAON will post 0.97 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.13 per share. This represents a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 29th. AAON’s dividend payout ratio is currently 27.66%.

Institutional investors have recently bought and sold shares of the business. Neuberger Berman Group LLC lifted its stake in AAON by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock worth $132,220,000 after purchasing an additional 13,725 shares during the last quarter. Vanguard Group Inc. increased its position in shares of AAON by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock valued at $130,715,000 after buying an additional 43,958 shares during the period. Capital Analysts LLC purchased a new position in shares of AAON during the second quarter valued at about $121,000. RK Capital Management LLC grew its holdings in AAON by 4.0% in the second quarter. RK Capital Management LLC now owns 396,943 shares of the construction company’s stock worth $14,627,000 after purchasing an additional 15,100 shares during the period. Finally, Legal & General Group Plc grew its holdings in AAON by 8.8% in the second quarter. Legal & General Group Plc now owns 77,065 shares of the construction company’s stock worth $2,839,000 after purchasing an additional 6,222 shares during the period. 68.14% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Set $38.00 Target Price for AAON, Inc. (AAON)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/07/zacks-analysts-set-38-00-target-price-for-aaon-inc-aaon.html.

AAON Company Profile

AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.

Get a free copy of the Zacks research report on AAON (AAON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AAON Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON Inc. and related companies with MarketBeat.com's FREE daily email newsletter.