AAON, Inc. (NASDAQ:AAON) Sees Significant Growth in Short Interest

AAON, Inc. (NASDAQ:AAON) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,780,000 shares, a growth of 14.9% from the March 31st total of 2,420,000 shares. Based on an average trading volume of 437,300 shares, the short-interest ratio is currently 6.4 days.

Insiders Place Their Bets

In other news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,596 shares of company stock worth $3,613,768. Company insiders own 18.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TFO Wealth Partners LLC bought a new position in shares of AAON during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in AAON during the 4th quarter valued at approximately $36,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of AAON in the fourth quarter worth $39,000. Operose Advisors LLC acquired a new stake in shares of AAON in the third quarter worth $31,000. Finally, CI Investments Inc. increased its stake in shares of AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on shares of AAON in a research note on Monday. They issued an “outperform” rating for the company.

AAON Trading Up 0.3 %

Shares of AAON opened at $94.09 on Wednesday. AAON has a 1-year low of $52.24 and a 1-year high of $96.34. The company has a 50-day moving average of $85.91 and a 200 day moving average of $73.93. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 44.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company had revenue of $306.60 million during the quarter, compared to analyst estimates of $294.35 million. During the same quarter last year, the business posted $0.47 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts expect that AAON will post 2.29 EPS for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. AAON’s payout ratio is presently 15.00%.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.