AAON (NASDAQ:AAON) Director Sells $2,625,545.60 in Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,081 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $137.60, for a total transaction of $2,625,545.60. Following the transaction, the director owned 34,252 shares in the company, valued at $4,713,075.20. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AAON Stock Performance

Shares of AAON stock traded up $4.63 on Thursday, reaching $140.00. The stock had a trading volume of 1,006,616 shares, compared to its average volume of 1,023,753. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 97.90, a P/E/G ratio of 3.74 and a beta of 1.24. The firm’s 50-day moving average is $93.16 and its two-hundred day moving average is $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 (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.AAON’s quarterly revenue was up 54.3% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. On average, research analysts expect that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

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

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC lifted its position in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. CBIZ Investment Advisory Services LLC bought a new position in shares of AAON in the third quarter worth $26,000. Jones Financial Companies Lllp increased its position in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the period. Summit Securities Group LLC acquired a new position in AAON in the fourth quarter valued at about $45,000. Finally, Danske Bank A S acquired a new position in AAON in the third quarter valued at about $47,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of AAON in a report on Monday, March 2nd. DA Davidson reissued a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.