AAON (NASDAQ:AAON) Releases Quarterly Earnings Results

AAON (NASDAQ:AAON) released its quarterly earnings results on Monday. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18, FiscalAI reports. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million.

AAON Price Performance

AAON stock opened at $94.83 on Monday. The firm has a 50 day moving average of $116.39 and a 200 day moving average of $105.93. The stock has a market capitalization of $7.77 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45. 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 has a 52 week low of $62.00 and a 52 week high of $150.46.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, June 5th. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Insider Buying and Selling at AAON

In other AAON news, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. This represents a 21.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,908 shares of company stock worth $15,000,124 in the last three months. 18.09% of the stock is owned by company insiders.

Institutional Trading of AAON

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Summit Securities Group LLC acquired a new stake in shares of AAON during the fourth quarter worth about $45,000. Danske Bank A S purchased a new stake in AAON in the third quarter valued at approximately $47,000. UMB Bank n.a. increased its holdings in AAON by 46.8% in the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after buying an additional 282 shares during the period. Finally, Wexford Capital LP purchased a new position in AAON during the 3rd quarter worth approximately $106,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAON. Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. KeyCorp initiated coverage on AAON in a report on Thursday, July 23rd. They set a “sector weight” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.