David Raymond Stewart Buys 1,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) Director David Stewart bought 1,000 shares of AAON stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at $298,640. This represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AAON Stock Performance

NASDAQ:AAON opened at $76.43 on Friday. AAON, Inc. has a 52 week low of $73.19 and a 52 week high of $150.46. The company has a fifty day simple moving average of $88.74 and a two-hundred day simple moving average of $102.33. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.41.

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

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Trading of AAON

Several institutional investors and hedge funds have recently bought and sold shares of AAON. EverSource Wealth Advisors LLC grew its stake in shares of AAON by 48.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock valued at $45,000 after purchasing an additional 178 shares during the last quarter. 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 period. Hantz Financial Services Inc. raised its stake in shares of AAON by 20.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after purchasing an additional 181 shares during the last quarter. Summit Securities Group LLC raised its stake in shares of AAON by 73.9% during the first quarter. Summit Securities Group LLC now owns 1,024 shares of the construction company’s stock worth $85,000 after purchasing an additional 435 shares during the last quarter. Finally, NI Acquisitions Company LLC acquired a new stake in shares of AAON during the second quarter worth $102,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAON. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. DA Davidson reaffirmed a “buy” rating and set a $110.00 price objective on shares of AAON in a research report on Tuesday. Robert W. Baird lowered their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. KeyCorp restated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Finally, Oppenheimer lowered their price objective on AAON from $145.00 to $125.00 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.33.

About AAON

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.