AAON (NASDAQ:AAON) Given New $150.00 Price Target at DA Davidson

AAON (NASDAQ:AAON - Free Report) had its target price boosted by DA Davidson from $102.00 to $150.00 in a report released on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the construction company's stock.

Several other equities analysts have also commented on AAON. 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 report on Friday. Sidoti cut AAON from a "buy" rating to a "neutral" rating and raised their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Finally, Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $133.00.

AAON Price Performance

AAON traded up $19.14 during trading on Friday, reaching $138.24. The stock had a trading volume of 700,380 shares, compared to its average volume of 604,454. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The business has a 50-day moving average of $105.21 and a 200-day moving average of $91.18. AAON has a one year low of $57.19 and a one year high of $139.63. The stock has a market cap of $11.20 billion, a PE ratio of 60.38 and a beta of 0.79.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.05. AAON had a return on equity of 26.02% and a net margin of 15.60%. The company had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. During the same period last year, the firm posted $0.64 EPS. AAON's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON will post 2.28 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, September 6th. AAON's payout ratio is 14.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AAON. Janney Montgomery Scott LLC increased its position in shares of AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company's stock valued at $1,520,000 after buying an additional 8,613 shares during the period. GSA Capital Partners LLP bought a new position in shares of AAON in the 1st quarter worth approximately $429,000. Texas Permanent School Fund Corp lifted its stake in shares of AAON by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 59,017 shares of the construction company's stock valued at $5,199,000 after purchasing an additional 765 shares during the period. Duality Advisers LP lifted its stake in shares of AAON by 8.9% in the 1st quarter. Duality Advisers LP now owns 18,571 shares of the construction company's stock valued at $1,636,000 after purchasing an additional 1,517 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of AAON during the first quarter valued at approximately $212,000. 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.