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

AAON, Inc. (NASDAQ:AAON) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $112.00.

A number of research analysts have issued reports on AAON shares. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Tuesday.

AAON Trading Down 1.6%

NASDAQ:AAON opened at $111.42 on Friday. AAON has a one year low of $62.00 and a one year high of $150.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The company’s 50-day simple moving average is $128.38 and its 200 day simple moving average is $104.32. The firm has a market capitalization of $9.13 billion, a P/E ratio of 77.92, a PEG ratio of 3.12 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, analysts forecast that AAON will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s dividend payout ratio (DPR) is 27.97%.

Insider Activity

In related news, Director Gary D. Fields sold 31,271 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total value of $4,192,502.97. Following the transaction, the director directly owned 34,252 shares of the company’s stock, valued at approximately $4,592,165.64. This represents a 47.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Casey Kidwell sold 3,153 shares of AAON stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 150,473 shares of company stock valued at $19,516,213 in the last quarter. Insiders own 18.09% of the company’s stock.

Institutional Trading of AAON

Institutional investors have recently made changes to their positions in the stock. SummitTX Capital L.P. boosted its stake in shares of AAON by 1.7% during the 1st quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock worth $382,000 after acquiring an additional 76 shares during the last quarter. Toronto Dominion Bank grew its position in shares of AAON by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after acquiring an additional 99 shares during the period. Huntington National Bank increased its stake in shares of AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after purchasing an additional 120 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in AAON by 20.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.