Rebecca Thompson Sells 400 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 400 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $100.27, for a total transaction of $40,108.00. Following the completion of the sale, the chief accounting officer owned 27,681 shares of the company’s stock, valued at approximately $2,775,573.87. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rebecca Thompson also recently made the following trade(s):

• On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94.
• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The shares were sold at an average price of $100.10, for a total transaction of $729,929.20.
• On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The shares were sold at an average price of $100.11, for a total transaction of $228,951.57.

AAON Price Performance

Shares of AAON opened at $93.31 on Friday. The firm has a market capitalization of $7.61 billion, a PE ratio of 71.78, a PEG ratio of 2.70 and a beta of 1.20. The company’s 50-day moving average is $89.90 and its 200-day moving average is $90.86. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to the consensus estimate of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. AAON’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Equities analysts forecast that AAON, Inc. will post 2 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s dividend payout ratio is presently 30.77%.

Hedge Funds Weigh In On AAON

Several hedge funds have recently bought and sold shares of AAON. Wellington Management Group LLP increased its holdings in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after buying an additional 3,966,088 shares during the period. Franklin Resources Inc. increased its holdings in AAON by 8,956.4% in the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock valued at $93,231,000 after buying an additional 1,209,205 shares during the period. Champlain Investment Partners LLC increased its holdings in AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after buying an additional 1,138,658 shares during the period. First Trust Advisors LP increased its holdings in AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after buying an additional 1,115,566 shares during the period. Finally, Copeland Capital Management LLC bought a new position in AAON in the 3rd quarter valued at about $68,036,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 price target (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

About AAON

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.