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

AAON, Inc. (NASDAQ:AAON) has received an average recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $133.00.

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

AAON Stock Performance

Shares of AAON stock opened at $128.67 on Wednesday. The firm has a market cap of $10.46 billion, a P/E ratio of 56.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON has a fifty-two week low of $68.38 and a fifty-two week high of $144.07. The stock’s 50-day moving average is $124.36 and its two-hundred day moving average is $101.52.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. Analysts predict that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. AAON’s payout ratio is presently 14.10%.

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of AAON 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 sale, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,329 shares of company stock worth $7,663,726 in the last 90 days. 18.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On AAON

Several large investors have recently added to or reduced their stakes in AAON. Conestoga Capital Advisors LLC increased its position in shares of AAON by 1.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after purchasing an additional 39,059 shares during the period. State Street Corp lifted its position in AAON by 0.6% in the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after purchasing an additional 12,502 shares during the period. Wasatch Advisors LP boosted its stake in AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after buying an additional 525,132 shares in the last quarter. FMR LLC increased its holdings in AAON by 9.6% in the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock valued at $186,509,000 after buying an additional 151,540 shares during the period. Finally, Geneva Capital Management LLC raised its stake in shares of AAON by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock valued at $183,135,000 after buying an additional 24,384 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.