AAON, Inc. (AAON) to Issue Quarterly Dividend of $0.10 on June 26th

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.10 per share by the construction company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th.

AAON has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. AAON has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AAON to earn $3.42 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.7%.

AAON Stock Performance

NASDAQ AAON opened at $130.27 on Wednesday. AAON has a 52-week low of $62.00 and a 52-week high of $149.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of $10.67 billion, a P/E ratio of 91.10, a P/E/G ratio of 3.75 and a beta of 1.24. The company has a fifty day moving average of $96.52 and a 200-day moving average of $92.73.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 54.3% on a year-over-year basis. As a group, equities research analysts predict that AAON will post 2.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and set a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, AAON has an average rating of “Buy” and an average price target of $107.75.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.