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

AAON, Inc. (NASDAQ:AAON) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $104.60.

Several equities research analysts have commented on AAON shares. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Tuesday. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $115.00 price objective on shares of AAON in a research report on Friday, November 7th.

Insider Transactions at AAON

In other news, Director Gary D. Fields sold 3,553 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the completion of the sale, the director owned 26,340 shares in the company, valued at $2,769,387.60. This trade represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen E. Wakefield acquired 4,141 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the purchase, the executive vice president owned 15,212 shares of the company’s stock, valued at $1,180,299.08. The trade was a 37.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 18.55% of the company’s stock.

Institutional Trading of AAON

Several hedge funds have recently made changes to their positions in AAON. Vident Advisory LLC bought a new position in shares of AAON during the 1st quarter worth $1,831,000. 4D Advisors LLC boosted its position in AAON by 175.0% during the first quarter. 4D Advisors LLC now owns 55,000 shares of the construction company’s stock worth $4,297,000 after purchasing an additional 35,000 shares during the period. 11 Capital Partners LP increased its stake in shares of AAON by 253.5% in the first quarter. 11 Capital Partners LP now owns 100,400 shares of the construction company’s stock worth $7,844,000 after purchasing an additional 72,000 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of AAON by 25.5% in the first quarter. Advisors Asset Management Inc. now owns 1,632 shares of the construction company’s stock worth $128,000 after purchasing an additional 332 shares in the last quarter. Finally, Curi RMB Capital LLC raised its position in shares of AAON by 402.5% in the first quarter. Curi RMB Capital LLC now owns 92,981 shares of the construction company’s stock valued at $7,265,000 after purchasing an additional 74,478 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Price Performance

AAON opened at $78.62 on Wednesday. AAON has a 1 year low of $62.00 and a 1 year high of $137.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 64.98 and a beta of 1.06. The firm’s fifty day moving average price is $89.79 and its two-hundred day moving average price is $85.94.

AAON (NASDAQ:AAON) last announced its earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company had revenue of $322.05 million during the quarter. As a group, analysts anticipate that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is presently 33.06%.

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.