AAON, Inc. (NASDAQ:AAON) Receives $133.00 Consensus Target Price from Brokerages

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

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

Insider Transactions at AAON

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AAON. ORG Partners LLC purchased a new stake in AAON in the second quarter worth $29,000. Blue Trust Inc. grew its position in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC purchased a new position in AAON during the 2nd quarter valued at about $35,000. Westside Investment Management Inc. bought a new stake in AAON during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC bought a new position in shares of AAON during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Trading Up 2.5 %

Shares of NASDAQ:AAON traded up $3.19 during midday trading on Wednesday, reaching $132.36. The company's stock had a trading volume of 390,874 shares, compared to its average volume of 591,891. The firm has a 50 day moving average price of $122.37 and a two-hundred day moving average price of $99.94. AAON has a fifty-two week low of $64.53 and a fifty-two week high of $144.07. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 56.90 and a beta of 0.83. 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 (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period in the prior year, the firm earned $0.64 earnings per share. AAON's revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that AAON will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company 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. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON's payout ratio is 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.