Short Interest in AAON, Inc. (NASDAQ:AAON) Decreases By 8.3%

AAON, Inc. (NASDAQ:AAON) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 2,420,000 shares, a drop of 8.3% from the March 15th total of 2,640,000 shares. Based on an average trading volume of 416,900 shares, the days-to-cover ratio is presently 5.8 days.

Insider Activity at AAON

In other AAON news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the sale, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AAON news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares in the company, valued at approximately $1,209,256.20. The disclosure for this sale can be found here. Insiders have sold a total of 44,596 shares of company stock valued at $3,613,768 over the last 90 days. 19.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AAON

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY grew its stake in shares of AAON by 5.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,696 shares of the construction company’s stock valued at $203,000 after purchasing an additional 147 shares during the last quarter. Strs Ohio grew its position in AAON by 2.3% in the 4th quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock valued at $487,000 after buying an additional 150 shares during the last quarter. LPL Financial LLC increased its stake in AAON by 3.5% in the 2nd quarter. LPL Financial LLC now owns 4,995 shares of the construction company’s stock valued at $274,000 after buying an additional 168 shares during the period. GAMMA Investing LLC raised its position in AAON by 35.6% during the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after buying an additional 181 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of AAON by 8.3% in the second quarter. Baird Financial Group Inc. now owns 2,570 shares of the construction company’s stock valued at $244,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Up 1.0 %

Shares of NASDAQ AAON opened at $88.02 on Wednesday. The stock has a market cap of $7.23 billion, a PE ratio of 41.26 and a beta of 0.91. AAON has a 52-week low of $52.24 and a 52-week high of $93.30. The business has a 50-day moving average price of $84.37 and a 200 day moving average price of $71.67. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05.

AAON (NASDAQ:AAON) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Equities research analysts forecast that AAON will post 2.29 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. AAON’s dividend payout ratio (DPR) is 15.00%.

AAON Company Profile

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.