AAON, Inc. (NASDAQ:AAON) Receives $133.00 Average PT from Analysts

Shares of AAON, Inc. (NASDAQ:AAON - Get Free Report) have been assigned a consensus rating of "Buy" from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $133.00.

Several equities analysts recently issued reports on AAON shares. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Sidoti downgraded shares of AAON from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 4,796 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.55% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AAON. Captrust Financial Advisors lifted its stake in AAON by 1.0% in the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company's stock valued at $949,000 after purchasing an additional 89 shares during the last quarter. NBC Securities Inc. grew its position in shares of AAON by 4.5% in the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company's stock valued at $388,000 after purchasing an additional 156 shares during the last quarter. Ascent Wealth Partners LLC increased its stake in shares of AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company's stock worth $1,456,000 after purchasing an additional 178 shares during the period. Quantinno Capital Management LP lifted its holdings in AAON by 3.1% during the 3rd quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company's stock worth $699,000 after purchasing an additional 192 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in AAON by 202.0% in 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 during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 0.2 %

NASDAQ AAON traded up $0.28 during trading on Friday, reaching $133.46. 530,178 shares of the stock traded hands, compared to its average volume of 602,615. AAON has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79. The stock's 50-day moving average price is $110.69 and its 200 day moving average price is $93.11.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts predict that AAON will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON's dividend payout ratio (DPR) is currently 14.10%.

About AAON

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.