AAON (AAON) Stock Price, News & Analysis

Company Overview

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. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force, as well as online. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.

Key Stats

• Today's Range: $122.74 to $124.72
• 50-Day Range: $106.26 to $140.75
• 52-Week Range: $68.38 to $144.07
• Volume: 335,448 shs
• Average Volume: 587,847 shs
• Market Capitalization: $10.01 billion
• P/E Ratio: 54.28
• Dividend Yield: 0.26%
• Price Target: $133.00
• Consensus Rating: Buy

AAON Stock Analysis - MarketRank™

AAON scored higher than 59% of companies evaluated by MarketBeat, and ranked 73rd out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

AAON has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

AAON has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 32.30%

Earnings Growth

Earnings for AAON are expected to grow by 32.30% in the coming year, from $2.26 to $2.99 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AAON is 54.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of AAON is 54.28, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.69.

Price to Book Value per Share Ratio

AAON has a P/B Ratio of 13.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.21% of the outstanding shares of AAON have been sold short.

Short Interest Ratio / Days to Cover

AAON has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in AAON has recently increased by 1.69%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

AAON has a dividend yield of 0.26%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

AAON does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AAON is 14.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, AAON will have a dividend payout ratio of 10.70% next year. This indicates that AAON will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.21% of the outstanding shares of AAON have been sold short.

Short Interest Ratio / Days to Cover

AAON has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in AAON has recently increased by 1.69%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.90

News Sentiment

AAON has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for AAON this week, compared to 7 articles on an average week.

Search Interest

Only 5 people have searched for AAON on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

11 people have added AAON to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AAON insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,663,726.00 in company stock.

Percentage Held by Insiders

18.55% of the stock of AAON is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

70.81% of the stock of AAON is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AAON Stock Analysis - Frequently Asked Questions

How have AAON shares performed this year?

AAON's stock was trading at $73.87 at the beginning of 2024. Since then, AAON stock has increased by 66.8% and is now trading at $123.21.
View the best growth stocks for 2024 here.

How were AAON's earnings last quarter?

AAON, Inc. (NASDAQ:AAON) posted 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. The firm's revenue was up 4.9% compared to the same quarter last year.

When did AAON's stock split?

Shares of AAON split before market open on Thursday, August 17th 2023. The 3-2 split was announced on Friday, July 7th 2023. The newly created shares were payable to shareholders after the market closes on Wednesday, August 16th 2023. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Does AAON have any subsidiaries?

AAON subsidiaries include these companies: BASX Solutions, AAON Coil Products Inc Texas, and AAON Inc Oklahoma.

Who are AAON's major shareholders?

AAON's top institutional shareholders include Conestoga Capital Advisors LLC (2.59%), State Street Corp (2.43%), Wasatch Advisors LP (2.30%) and FMR LLC (2.13%). Insiders that own company stock include Gary D Fields, Rony D Gadiwalla, Rebecca Thompson, Robert Teis, Gordon Douglas Wichman, Norman H Asbjornson, Casey Kidwell, Stephen E Wakefield, David Raymond Stewart and Larry Gene Stewart.
View institutional ownership trends.

How do I buy shares of AAON?

Shares of AAON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AAON own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AAON investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/06/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/07/2024
• Ex-Dividend for 12/19 Dividend: 11/29/2024
• Dividend Payable: 12/19/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Refrigeration & heating equipment
• Sub-Industry: Building Products
• Current Symbol: NASDAQ:AAON
• CUSIP: 00036020
• CIK: 824142
• Web: www.aaon.com
• Phone: (918) 583-2266
• Fax: 918-583-6094
• Employees: 3,856
• Year Founded: 1988

Price Target and Rating

• Average Stock Price Target: $133.00
• High Stock Price Target: $150.00
• Low Stock Price Target: $111.00
• Potential Upside/Downside: +7.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.27
• Trailing P/E Ratio: 54.28
• Forward P/E Ratio: 54.52
• P/E Growth: N/A
• Net Income: $177.62 million
• Net Margins: 15.78%
• Pretax Margin: 19.96%
• Return on Equity: 24.98%
• Return on Assets: 19.40%

Debt

• Debt-to-Equity Ratio: 0.07
• Current Ratio: 3.06
• Quick Ratio: 1.79

Sales & Book Value

• Annual Sales: $1.21 billion
• Price / Sales: 8.28
• Cash Flow: $2.61 per share
• Price / Cash Flow: 47.25
• Book Value: $8.96 per share
• Price / Book: 13.75

Miscellaneous

• Outstanding Shares: 81,280,000
• Free Float: 66,203,000
• Market Cap: $10.01 billion
• Optionable: Optionable
• Beta: 0.83