Analysts Set AAON, Inc. (NASDAQ:AAON) Price Target at $133.00

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

AAON has been the topic of several research analyst reports. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Robert W. Baird increased their target price 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.

AAON Price Performance

Shares of AAON stock traded up $5.72 on Thursday, hitting $116.12. The company's stock had a trading volume of 609,933 shares, compared to its average volume of 697,024. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON has a 1 year low of $70.14 and a 1 year high of $144.07. The firm has a fifty day moving average price of $127.57 and a 200-day moving average price of $111.03. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 51.18 and a beta of 0.87.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. AAON's dividend payout ratio (DPR) is presently 14.10%.

Insider Transactions at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Casey Kidwell sold 4,796 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,329 shares of company stock worth $7,663,726. 18.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAON

Several hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in AAON by 6.6% during the fourth quarter. New York State Teachers Retirement System now owns 20,583 shares of the construction company's stock worth $2,422,000 after buying an additional 1,271 shares in the last quarter. MFG Wealth Management Inc. bought a new stake in shares of AAON during the 4th quarter worth $1,850,000. Van ECK Associates Corp grew its holdings in shares of AAON by 34.5% in the 4th quarter. Van ECK Associates Corp now owns 66,044 shares of the construction company's stock worth $7,772,000 after acquiring an additional 16,933 shares during the last quarter. Legato Capital Management LLC raised its position in shares of AAON by 22.8% during the fourth quarter. Legato Capital Management LLC now owns 11,055 shares of the construction company's stock worth $1,301,000 after purchasing an additional 2,055 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of AAON by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company's stock valued at $2,201,000 after purchasing an additional 100 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.