AAON, Inc. (AAON) to Issue Quarterly Dividend of $0.08 on December 19th

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Monday, November 11th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.08 per share by the construction company on Thursday, December 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th.

AAON has increased its dividend by an average of 8.1% annually over the last three years. AAON has a dividend 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 Stock Up 2.1 %

AAON stock opened at $140.45 on Wednesday. The firm has a 50-day moving average price of $115.75 and a 200-day moving average price of $95.40. The stock has a market capitalization of $11.42 billion, a P/E ratio of 61.87 and a beta of 0.79. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 12 month low of $61.09 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. As a group, equities research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Buying and Selling

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the transaction, the vice president now owns 4,953 shares of the company’s stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,967 shares of company stock worth $6,271,357. 18.55% of the stock is owned by company insiders.

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.