AAON (NASDAQ:AAON) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of AAON (NASDAQ:AAON) from a neutral rating to an outperform rating in a research note published on Monday, Marketbeat.com reports. Robert W. Baird currently has $130.00 price objective on the construction company’s stock, up from their previous price objective of $114.00.

A number of other brokerages also recently issued reports on AAON. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and increased their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

AAON Trading Down 0.8 %

Shares of NASDAQ AAON opened at $114.22 on Monday. The firm has a 50 day moving average price of $102.58 and a two-hundred day moving average price of $90.00. The stock has a market cap of $9.25 billion, a P/E ratio of 50.96 and a beta of 0.80. AAON has a 52-week low of $54.19 and a 52-week high of $122.97. 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) last announced its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The business had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. AAON’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. As a group, equities analysts forecast that AAON will post 2.28 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.28%. AAON’s payout ratio is currently 14.41%.

Insider Activity at AAON

In related news, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the sale, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares in the company, valued at $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. ORG Partners LLC bought a new position in AAON during the second quarter valued at $29,000. Blue Trust Inc. grew its stake in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares during the period. Crewe Advisors LLC purchased a new stake in AAON in the 2nd quarter worth about $35,000. ORG Wealth Partners LLC bought a new stake in AAON in the 3rd quarter valued at about $37,000. Finally, Signaturefd LLC lifted its holdings in AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.