Brokerages Set AAON, Inc. (NASDAQ:AAON) PT at $133.00

AAON, Inc. (NASDAQ:AAON - Get Free Report) has earned a consensus rating of "Buy" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $133.00.

A number of brokerages have weighed in on AAON. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and lifted their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th.

AAON Trading Up 1.8 %

AAON stock traded up $2.07 during trading on Friday, hitting $120.01. The company had a trading volume of 471,497 shares, compared to its average volume of 407,898. The firm has a market capitalization of $9.75 billion, a P/E ratio of 52.87 and a beta of 0.83. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON has a 52-week low of $68.38 and a 52-week high of $144.07. The company has a 50 day simple moving average of $127.78 and a 200-day simple moving average of $105.96.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. As a group, research analysts forecast that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON's payout ratio is 14.10%.

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the sale, the vice president now owns 9,920 shares in the company, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,329 shares of company stock worth $7,663,726. Corporate insiders own 18.55% of the company's stock.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently modified their holdings of AAON. Blue Trust Inc. increased its stake in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Westside Investment Management Inc. acquired a new position in shares of AAON in the 3rd quarter valued at $36,000. ORG Wealth Partners LLC purchased a new position in AAON in the 3rd quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in AAON in the 3rd quarter worth $43,000. Finally, Advisors Asset Management Inc. lifted its position in AAON by 208.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company's stock worth $79,000 after acquiring an additional 493 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.