AAON, Inc. (NASDAQ:AAON) Plans $0.10 Quarterly Dividend

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Friday, September 4th will be given a dividend of 0.10 per share by the construction company on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th.

AAON has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. AAON has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect AAON to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.6%.

AAON Stock Up 2.9%

NASDAQ AAON traded up $2.44 on Thursday, hitting $87.67. 1,738,682 shares of the company were exchanged, compared to its average volume of 1,051,777. 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 stock has a fifty day moving average of $112.99 and a 200-day moving average of $105.76. The company has a market cap of $7.23 billion, a PE ratio of 45.66, a PEG ratio of 2.34 and a beta of 1.45. AAON has a 12 month low of $73.19 and a 12 month high of $150.46.

AAON (NASDAQ:AAON) last issued its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The business had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.86% and a net margin of 8.24%.The firm’s revenue was up 101.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. As a group, analysts forecast that AAON will post 2.3 earnings per share for the current year.

Insider Activity at AAON

In other AAON news, CAO Rebecca Thompson sold 4,230 shares of AAON stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total transaction of $606,666.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the company’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 sale, the executive vice president owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 47,403 shares of company stock valued at $6,663,055. 18.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after buying an additional 65,813 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 294 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after acquiring an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after acquiring an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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.