Shares of AAON, Inc. (NASDAQ:AAON – Get Free Report) have earned an average rating of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given 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 $112.00.
A number of brokerages recently commented on AAON. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th.
Read Our Latest Stock Analysis on AAON
Insiders Place Their Bets
Hedge Funds Weigh In On AAON
Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Summit Securities Group LLC purchased a new stake in AAON in the fourth quarter valued at $45,000. Danske Bank A S purchased a new stake in AAON in the third quarter valued at $47,000. Huntington National Bank raised its position in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the period. Finally, UMB Bank n.a. raised its position in AAON by 46.8% in the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after purchasing an additional 282 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.
AAON Stock Up 0.9%
AAON stock opened at $126.86 on Wednesday. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $150.46. The business’s 50-day moving average is $125.63 and its two-hundred day moving average is $101.33. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 88.71, a P/E/G ratio of 3.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.
AAON (NASDAQ:AAON – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. During the same quarter last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 54.3% compared to the same quarter last year. As a group, analysts forecast that AAON will post 2.23 earnings per share for the current year.
AAON Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 5th. AAON’s dividend payout ratio is 27.97%.
About AAON
AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.
AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.
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