AAON Inc. (NASDAQ:AAON) shares traded 1.05% higher at $74.04 on Wall Street last session.
In accordance with the data, 4 analysts cover AAON Inc. (NASDAQ:AAON). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $75.00, we find $75.00. Given the previous closing price of $73.27, this indicates a potential upside of 2.36 percent. AAON stock price is now -3.95% away from the 50-day moving average and 21.13% away from the 200-day moving average. The market capitalization of the company currently stands at $3.93B.
It has been rated a hold by 1 analysts and a buy by 3. Brokers who have rated the stock have averaged $75.67 as their price target over the next twelve months.
With the price target of $73, CJS Securities recently initiated with Market Outperform rating for AAON Inc. (NASDAQ: AAON)., while ‘Sidoti’ rates the stock as ‘Buy’.
In other news, Fields Gary D, President and CEO sold 5,000 shares of the company’s stock on Dec 01. The stock was sold for $393,200 at an average price of $78.64. Upon completion of the transaction, the President and CEO now directly owns 38,189 shares in the company, valued at $2.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Chief Financial Officer Thompson Rebecca sold 15,500 shares of the business’s stock. A total of $1,240,810 was realized by selling the stock at an average price of $80.05. This leaves the insider owning 9,877 shares of the company worth $0.73 million. Insiders disposed of 178,150 shares of company stock worth roughly $13.19 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AAON stock. A new stake in AAON Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $9,147,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $3,499,000 in shares of AAON during the first quarter. In the first quarter, GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC acquired a new stake in AAON Inc. valued at approximately $3,231,000. BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in AAON for approximately $2,942,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC purchased a new stake in AAON valued at around $2,520,000 in the second quarter. In total, there are 286 active investors with 71.90% ownership of the company’s stock.
AAON Inc. (NASDAQ: AAON) opened at $73.19 on Monday. During the past 12 months, AAON Inc. has had a low of $47.50 and a high of $83.00. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.40, and a quick ratio of 1.10. The fifty day moving average price for AAON is $77.07 and a two-hundred day moving average price translates $61.22 for the stock.
The latest earnings results from AAON Inc. (NASDAQ: AAON) was released for Jun, 2022. According to the Building Products & Equipment Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.41 by -0.11. This compares to $0.29 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 13.80% for AAON. The company reported revenue of $242.6 million for the quarter, compared to $138.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.08 percent. For the current quarter, analysts expect AAON to generate $223.63M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 11/28/2022 were paid a $0.24 dividend. On an annualized basis, this represents a $0.48 dividend and a 0.65% percent yield. There was an ex-dividend date of 11/25/2022 for this dividend. In terms of dividend payout ratio, AAON is presently at 29.70%.
AAON Inc.(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. 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. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.