AAON (NASDAQ:AAON) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of AAON (NASDAQ:AAON – Get Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. DA Davidson raised their price objective on AAON from $75.00 to $100.00 and gave the company a buy rating in a report on Tuesday, February 28th. CJS Securities downgraded AAON from an outperform rating to a market perform rating in a report on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $81.67.

AAON Trading Down 2.7 %

Shares of AAON stock opened at $89.33 on Thursday. The stock’s fifty day moving average price is $81.00 and its two-hundred day moving average price is $71.89. The company has a market cap of $4.78 billion, a PE ratio of 48.29 and a beta of 0.78. AAON has a fifty-two week low of $47.50 and a fifty-two week high of $94.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 2.40.

AAON (NASDAQ:AAON – Get Rating) last issued its earnings results on Monday, February 27th. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $254.60 million for the quarter, compared to the consensus estimate of $240.28 million. AAON had a return on equity of 19.54% and a net margin of 11.29%. The company’s revenue was up 86.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Equities analysts predict that AAON will post 2.68 EPS for the current fiscal year.

AAON Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 13th will be given a dividend of $0.12 per share. This represents a yield of 0.5%. The ex-dividend date is Friday, March 10th. AAON’s dividend payout ratio is currently 12.97%.

Insider Buying and Selling

In related news, COO Stephen E. Wakefield bought 516 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average cost of $89.30 per share, with a total value of $46,078.80. Following the transaction, the chief operating officer now directly owns 9,121 shares in the company, valued at $814,505.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Gordon Douglas Wichman sold 5,620 shares of AAON stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $92.87, for a total value of $521,929.40. Following the completion of the transaction, the vice president now directly owns 3,992 shares of the company’s stock, valued at approximately $370,737.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Stephen E. Wakefield acquired 516 shares of the stock in a transaction dated Monday, March 13th. The stock was acquired at an average cost of $89.30 per share, with a total value of $46,078.80. Following the completion of the transaction, the chief operating officer now owns 9,121 shares in the company, valued at approximately $814,505.30. The disclosure for this purchase can be found here. 19.27% of the stock is owned by corporate insiders.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. Morgan Stanley increased its position in AAON by 321.1% in the 4th quarter. Morgan Stanley now owns 1,819,718 shares of the construction company’s stock valued at $137,061,000 after buying an additional 1,387,594 shares in the last quarter. Victory Capital Management Inc. increased its position in AAON by 397.1% in the 3rd quarter. Victory Capital Management Inc. now owns 587,605 shares of the construction company’s stock valued at $31,660,000 after buying an additional 469,391 shares in the last quarter. Eaton Vance Management boosted its stake in AAON by 81.5% during the 1st quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock valued at $42,749,000 after purchasing an additional 344,398 shares during the last quarter. Millennium Management LLC boosted its stake in AAON by 6,461.8% during the 4th quarter. Millennium Management LLC now owns 272,710 shares of the construction company’s stock valued at $20,541,000 after purchasing an additional 268,554 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in AAON by 19,788.9% during the 3rd quarter. Macquarie Group Ltd. now owns 217,982 shares of the construction company’s stock valued at $11,758,000 after purchasing an additional 216,886 shares during the last quarter. 70.08% of the stock is owned by institutional investors.

About AAON

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AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.