Matthew Joseph Tobolski Sells 8,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the sale, the chief executive officer directly owned 114,371 shares in the company, valued at $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AAON Stock Up 3.4%

Shares of AAON stock traded up $4.63 during trading hours on Thursday, reaching $140.00. 1,006,616 shares of the company’s stock were exchanged, compared to its average volume of 1,023,753. The stock has a market cap of $11.47 billion, a P/E ratio of 97.90, a P/E/G ratio of 3.74 and a beta of 1.24. The company has a 50 day moving average of $93.16 and a two-hundred day moving average of $91.87. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00.

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

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio is currently 27.97%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AAON. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. DA Davidson reiterated a “buy” rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $107.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank raised its stake in AAON by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC boosted its position in AAON by 30.2% during the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC boosted its position in AAON by 3.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock worth $301,000 after purchasing an additional 115 shares during the period. 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Company Profile

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.