Christopher Douglas Eason Sells 12,003 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the transaction, the insider owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AAON Trading Up 0.4%

AAON opened at $85.12 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The company’s 50 day moving average price is $78.82 and its two-hundred day moving average price is $85.69. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 57.90 and a beta of 0.94.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). AAON had a net margin of 9.70% and a return on equity of 15.45%. The business had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same period in the previous year, the business posted $0.62 EPS. AAON’s revenue was down .6% on a year-over-year basis. As a group, research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s payout ratio is presently 27.21%.

Institutional Investors Weigh In On AAON

A number of hedge funds have recently added to or reduced their stakes in AAON. PFG Advisors lifted its stake in AAON by 114.8% in the first quarter. PFG Advisors now owns 20,836 shares of the construction company’s stock valued at $1,628,000 after buying an additional 11,136 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of AAON during the 4th quarter valued at $210,000. Parallel Advisors LLC boosted its stake in AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock worth $56,000 after acquiring an additional 149 shares in the last quarter. Teacher Retirement System of Texas bought a new position in AAON during the first quarter worth $789,000. Finally, Sequoia Financial Advisors LLC grew its holdings in AAON by 49.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company’s stock worth $250,000 after purchasing an additional 1,054 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their price target on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Monday, June 16th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Robert W. Baird reduced their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, AAON has an average rating of “Buy” and a consensus target price of $102.00.

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.