AAON, Inc. (NASDAQ:AAON – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three investment analysts have 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $126.6667.
Several research analysts have recently commented on the company. Oppenheimer reduced their target price on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. DA Davidson raised shares of AAON to a “strong-buy” rating in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Finally, Robert W. Baird dropped their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th.
Check Out Our Latest Report on AAON
AAON Price Performance
AAON (NASDAQ:AAON – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. The company had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm’s revenue was up 101.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, research analysts expect that AAON will post 2.3 EPS for the current year.
AAON Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.10 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s payout ratio is 20.83%.
Insider Transactions at AAON
In related news, EVP Matthew Shaub purchased 457 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of $76.42 per share, with a total value of $34,923.94. Following the completion of the purchase, the executive vice president owned 3,136 shares in the company, valued at approximately $239,653.12. This trade represents a 17.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.09% of the company’s stock.
Institutional Investors Weigh In On AAON
Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after purchasing an additional 65,813 shares during the last quarter. NewEdge Advisors LLC increased its holdings in AAON by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after acquiring an additional 294 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after acquiring an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after acquiring an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.
About AAON
AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.
Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.
Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.
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