AAON, Inc. (NASDAQ:AAON) VP Rony D. Gadiwalla Sells 3,672 Shares

AAON, Inc. (NASDAQ:AAON) VP Rony D. Gadiwalla sold 3,672 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $78.20, for a total transaction of $287,150.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:AAON opened at $78.73 on Thursday. The stock has a market capitalization of $4.13 billion, a P/E ratio of 59.64 and a beta of 0.59. The company has a 50 day moving average price of $71.01 and a 200 day moving average price of $66.94. AAON, Inc. has a fifty-two week low of $59.22 and a fifty-two week high of $81.25.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 4th. The construction company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.09). The company had revenue of $138.57 million for the quarter, compared to analysts’ expectations of $147.15 million. AAON had a return on equity of 18.96% and a net margin of 13.88%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. On average, equities analysts predict that AAON, Inc. will post 1.25 earnings per share for the current year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 17th. Shareholders of record on Friday, November 26th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 24th. This represents a yield of 0.5%. AAON’s dividend payout ratio is presently 28.79%.

A number of hedge funds have recently modified their holdings of the business. Comerica Bank boosted its position in AAON by 9.9% in the 3rd quarter. Comerica Bank now owns 179,894 shares of the construction company’s stock valued at $12,722,000 after buying an additional 16,237 shares during the period. Bank of New York Mellon Corp boosted its position in AAON by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 458,506 shares of the construction company’s stock valued at $29,959,000 after buying an additional 10,257 shares during the period. BNP Paribas Arbitrage SA boosted its position in AAON by 370.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 68,424 shares of the construction company’s stock valued at $4,471,000 after buying an additional 53,895 shares during the period. Janus Henderson Group PLC purchased a new position in AAON in the 3rd quarter valued at approximately $276,000. Finally, Voloridge Investment Management LLC boosted its position in AAON by 79.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 35,910 shares of the construction company’s stock valued at $2,346,000 after buying an additional 15,875 shares during the period. 69.28% of the stock is owned by institutional investors.

Several analysts have recently weighed in on AAON shares. DA Davidson increased their price target on shares of AAON from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research cut shares of AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, November 10th.

About AAON

AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.

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