AAON (NASDAQ:AAON) CAO Sells $1,321,098.48 in Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 9,672 shares of AAON stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $136.59, for a total value of $1,321,098.48. Following the sale, the chief accounting officer owned 27,681 shares in the company, valued at $3,780,947.79. The trade was a 25.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Monday, April 27th, Rebecca Thompson sold 400 shares of AAON stock. The stock was sold at an average price of $100.27, for a total transaction of $40,108.00.
• On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The stock was 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 stock was 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 stock was sold at an average price of $100.11, for a total transaction of $228,951.57.

AAON Trading Up 1.3%

Shares of AAON stock opened at $135.37 on Thursday. The company has a 50 day moving average of $93.16 and a 200-day moving average of $91.87. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $149.00. The firm has a market cap of $11.09 billion, a P/E ratio of 94.66, a PEG ratio of 3.74 and a beta of 1.24.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same quarter last year, the business posted $0.37 EPS. AAON’s quarterly revenue was up 54.3% compared to the same quarter last year. Sell-side analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is 27.97%.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently modified their holdings of AAON. Wellington Management Group LLP increased its position in shares of AAON by 512.5% during the third 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 position in shares of AAON by 8,956.4% during the fourth 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 position in shares of AAON by 96.4% during the third 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 position in shares of AAON by 136.4% during the third 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, Bamco Inc. NY bought a new stake in shares of AAON during the third quarter valued at about $67,922,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AAON has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, William Blair reissued an “outperform” rating on shares of AAON in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AAON presently has an average rating of “Buy” and an average price target 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.