AAON (NASDAQ:AAON) Price Target Raised to $150.00 at DA Davidson

by · The Cerbat Gem

AAON (NASDAQ:AAON – Free Report) had its price target boosted by DA Davidson from $102.00 to $150.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research analysts also recently weighed in on the stock. Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Sidoti cut shares of 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 research note on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.00.

Read Our Latest Analysis on AAON

AAON Stock Performance

NASDAQ AAON traded up $19.14 on Friday, reaching $138.24. 700,606 shares of the company’s stock traded hands, compared to its average volume of 604,454. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 62.27 and a beta of 0.79. The stock has a 50 day moving average price of $106.07 and a 200-day moving average price of $91.54. AAON has a fifty-two week low of $57.19 and a fifty-two week high of $139.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99.

AAON (NASDAQ:AAON – Get Free Report) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. Equities research analysts predict that AAON will post 2.28 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.23%. AAON’s dividend payout ratio is presently 14.41%.

Institutional Trading of AAON

Large investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new stake in shares of AAON in the 2nd quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC purchased a new stake in shares of AAON in the 2nd quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in shares of AAON in the 3rd quarter valued at approximately $37,000. Finally, Signaturefd LLC grew its stake in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About AAON

(Get Free Report)

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.

See Also