AAON (NASDAQ:AAON) Director Acquires $74,660.00 in Stock

AAON, Inc. (NASDAQ:AAON) Director David Stewart bought 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $74.66 per share, for a total transaction of $74,660.00. Following the acquisition, the director directly owned 4,000 shares of the company’s stock, valued at approximately $298,640. This represents a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AAON Price Performance

AAON traded up $1.24 during trading on Wednesday, hitting $75.56. 1,011,111 shares of the company traded hands, compared to its average volume of 1,056,087. The company has a market cap of $6.23 billion, a PE ratio of 39.35, a P/E/G ratio of 1.49 and a beta of 1.41. The stock’s 50-day simple moving average is $90.07 and its two-hundred day simple moving average is $102.67. AAON, Inc. has a 1 year low of $73.19 and a 1 year high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business had revenue of $626.98 million for the quarter, compared to analysts’ expectations of $508.82 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 101.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.21 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON’s payout ratio is currently 20.83%.

Institutional Investors Weigh In On AAON

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in shares of AAON by 0.6% in the second quarter. Tidal Investments LLC now owns 153,244 shares of the construction company’s stock valued at $19,441,000 after acquiring an additional 864 shares during the period. Engineers Gate Manager LP purchased a new position in shares of AAON during the 2nd quarter worth about $1,003,000. NewEdge Advisors LLC grew its holdings in AAON by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 17,604 shares of the construction company’s stock valued at $2,233,000 after purchasing an additional 1,253 shares during the last quarter. Squarepoint Ops LLC grew its holdings in AAON by 868.6% during the 2nd quarter. Squarepoint Ops LLC now owns 107,045 shares of the construction company’s stock valued at $13,580,000 after purchasing an additional 95,994 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in AAON in the 2nd quarter worth about $2,663,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $110.00 price objective on shares of AAON in a research note on Tuesday. Oppenheimer cut their target price on shares of AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Finally, Robert W. Baird lowered their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Four investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.33.

AAON Company Profile

AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.

Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.