AAON, Inc. (NASDAQ:AAON) Insider Sells $52,767.00 in Stock
AAON, Inc. (NASDAQ:AAON) insider Rebecca Thompson sold 1,100 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $47.97, for a total transaction of $52,767.00. Following the transaction, the insider now owns 10,960 shares in the company, valued at approximately $525,751.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NASDAQ:AAON traded up $0.02 during mid-day trading on Friday, reaching $49.00. 864 shares of the company’s stock were exchanged, compared to its average volume of 121,978. AAON, Inc. has a one year low of $31.55 and a one year high of $52.50. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 60.49, a P/E/G ratio of 2.49 and a beta of 0.97.
AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). AAON had a return on equity of 19.79% and a net margin of 10.97%. The business had revenue of $113.82 million for the quarter, compared to analyst estimates of $109.92 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that AAON, Inc. will post 1.28 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. PRW Wealth Management LLC acquired a new stake in shares of AAON in the fourth quarter valued at approximately $46,000. Ellis Investment Partners LLC acquired a new position in AAON in the first quarter worth approximately $65,000. One Wealth Advisors LLC acquired a new position in AAON in the 1st quarter worth approximately $75,000. Bank of Montreal Can boosted its stake in shares of AAON by 12.1% during the 4th quarter. Bank of Montreal Can now owns 2,689 shares of the construction company’s stock valued at $94,000 after buying an additional 290 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AAON by 33.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the construction company’s stock valued at $107,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 72.68% of the company’s stock.
A number of equities analysts have commented on the stock. DA Davidson lowered shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of AAON from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet downgraded shares of AAON from a “b+” rating to a “c” rating in a research note on Thursday, May 9th. Finally, BidaskClub downgraded shares of AAON from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. AAON currently has an average rating of “Hold” and an average price target of $40.50.
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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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.
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