AAON (NASDAQ:AAON) Director Gary Fields Sells 31,271 Shares

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 31,271 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total value of $4,192,502.97. Following the completion of the sale, the director owned 34,252 shares of the company’s stock, valued at approximately $4,592,165.64. This represents a 47.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

AAON Stock Up 1.3%

AAON stock traded up $1.71 during trading on Wednesday, reaching $135.37. 1,530,063 shares of the stock were exchanged, compared to its average volume of 1,023,837. The firm’s 50 day moving average is $92.55 and its 200 day moving average is $91.63. The firm has a market cap of $11.09 billion, a P/E ratio of 94.66, a price-to-earnings-growth ratio of 3.97 and a beta of 1.24. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00.

AAON (NASDAQ:AAON) last announced its quarterly earnings data 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 firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. As a group, research analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, March 18th. AAON’s payout ratio is 27.97%.

Hedge Funds Weigh In On AAON

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in shares of AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock worth $521,495,000 after buying an additional 2,099,385 shares during the last quarter. Champlain Investment Partners LLC lifted its position in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after buying an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP boosted its stake in AAON by 23.8% during the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after buying an additional 436,704 shares during the period. First Trust Advisors LP increased its position in AAON by 22.1% during the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock valued at $166,594,000 after acquiring an additional 364,101 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in AAON by 5.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after acquiring an additional 84,693 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAON has been the subject of several research reports. DA Davidson reissued a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, AAON currently has a consensus rating of “Buy” and an average target price 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.