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

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Stockholders 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 dividend yield of 0.24%.

AAON has raised its dividend by an average of 8.1% per year over the last three years. AAON has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AAON to earn $2.89 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 11.1%.

AAON Trading Down 1.9 %

Shares of NASDAQ AAON traded down $2.63 during mid-day trading on Wednesday, hitting $135.10. 246,319 shares of the company traded hands, compared to its average volume of 602,706. The business has a 50 day moving average of $107.94 and a two-hundred day moving average of $92.26. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 60.06 and a beta of 0.79. AAON has a 1 year low of $59.71 and a 1 year high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. On average, sell-side analysts anticipate that AAON will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. DA Davidson lifted their price target 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. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird lifted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In other news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.55% of the stock is currently owned by corporate 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.