AAON, Inc. Plans Quarterly Dividend of $0.08 (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Monday, November 11th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.08 per share by the construction company on Thursday, December 19th. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th.

AAON has raised its dividend by an average of 8.1% annually over the last three years. AAON has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AAON to earn $2.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 10.7%.

AAON Trading Down 3.1 %

AAON stock opened at $136.03 on Thursday. AAON has a 1 year low of $61.09 and a 1 year high of $144.07. The firm’s 50-day moving average is $117.42 and its 200-day moving average is $96.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market cap of $11.06 billion, a P/E ratio of 59.93 and a beta of 0.79.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts expect that AAON will post 2.26 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and upped their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research 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’s stock. Based on data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity at AAON

In other news, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary D. Fields sold 35,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,967 shares of company stock worth $6,271,357 in the last 90 days. Corporate insiders own 18.55% of the company’s stock.

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.