Casey Kidwell Sells 3,153 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) insider Casey Kidwell sold 3,153 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the sale, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Casey Kidwell also recently made the following trade(s):

• On Thursday, March 12th, Casey Kidwell sold 5,225 shares of AAON stock. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00.

AAON Stock Down 3.2%

NASDAQ AAON opened at $135.49 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a 50-day simple moving average of $94.85 and a 200 day simple moving average of $92.41. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00. The stock has a market cap of $11.10 billion, a PE ratio of 94.75, a PEG ratio of 3.79 and a beta of 1.24.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 54.3% on a year-over-year basis. On average, research analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s dividend payout ratio is 27.97%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. DA Davidson reissued a “buy” rating and issued a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $107.75.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SummitTX Capital L.P. increased its holdings in shares of AAON by 1.7% in the first quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock valued at $382,000 after purchasing an additional 76 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of AAON by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after purchasing an additional 99 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after purchasing an additional 115 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.