Gordon Douglas Wichman Sells 3,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) EVP Gordon Douglas Wichman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total value of $421,170.00. Following the sale, the executive vice president owned 10,997 shares of the company’s stock, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

AAON Stock Down 1.0%

NASDAQ AAON traded down $1.38 during trading on Wednesday, reaching $139.74. 629,679 shares of the company’s stock were exchanged, compared to its average volume of 1,019,723. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00. The firm has a market capitalization of $11.45 billion, a PE ratio of 97.72, a P/E/G ratio of 3.77 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. The company’s fifty day simple moving average is $101.18 and its 200-day simple moving average is $94.12.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping 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 analyst estimates of $381.08 million. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. Sell-side analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Institutional Trading of AAON

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of AAON by 512.5% in 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 purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. boosted its stake in AAON by 8,956.4% during the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after buying an additional 1,209,205 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in AAON by 96.4% during 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 in the last quarter. First Trust Advisors LP boosted its stake in AAON by 136.4% during the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after buying an additional 1,115,566 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in AAON during the third quarter worth $67,922,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson restated a “buy” rating and issued a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.