AAON (NASDAQ:AAON) Announces Quarterly Earnings Results

AAON (NASDAQ:AAON) announced its earnings results on Thursday. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07), Briefing.com reports. The firm had revenue of $262.10 million for the quarter, compared to analyst estimates of $284.76 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. AAON’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 EPS.

AAON Stock Down 13.7 %

Shares of NASDAQ AAON opened at $78.40 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 36.75 and a beta of 0.88. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON has a 12-month low of $52.24 and a 12-month high of $96.34. The company has a 50-day moving average of $86.21 and a 200 day moving average of $74.33.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. AAON’s payout ratio is presently 15.00%.

Insiders Place Their Bets

In related news, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the sale, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value of $1,993,603.30. Following the transaction, the vice president now owns 15,992 shares in the company, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock valued at $3,613,768 in the last ninety days. 18.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on AAON in a research report on Monday, April 29th. They set an “outperform” rating for the company.

About AAON

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.