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

AAON, Inc. (NASDAQ:AAON) has been assigned a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $112.00.

A number of equities research analysts have issued reports on AAON shares. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Oppenheimer restated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Finally, William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd.

AAON Price Performance

AAON stock opened at $129.45 on Wednesday. The firm has a market cap of $10.60 billion, a PE ratio of 90.52, a price-to-earnings-growth ratio of 3.81 and a beta of 1.39. AAON has a 52-week low of $62.00 and a 52-week 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. The company’s 50 day moving average is $122.06 and its two-hundred day moving average is $99.77.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) 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 analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. On average, research analysts expect that AAON will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Insiders Place Their Bets

In other news, CAO Rebecca Thompson sold 4,230 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total value of $606,666.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the sale, the executive vice president owned 10,997 shares in the company, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summitry LLC raised its holdings in shares of AAON by 2.6% in the 1st quarter. Summitry LLC now owns 7,830 shares of the construction company’s stock valued at $648,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of AAON by 48.0% in 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 during the last quarter. California State Teachers Retirement System grew its position in shares of AAON by 22.7% in the 1st quarter. California State Teachers Retirement System now owns 80,436 shares of the construction company’s stock valued at $6,656,000 after buying an additional 14,878 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of AAON in the 1st quarter valued at $1,312,000. Finally, American Capital Management Inc. grew its position in shares of AAON by 1.9% in the 1st quarter. American Capital Management Inc. now owns 276,884 shares of the construction company’s stock valued at $22,912,000 after buying an additional 5,147 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.