AAON (NASDAQ:AAON) Announces Earnings Results

AAON (NASDAQ:AAON) issued its quarterly earnings results on Thursday. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07), Briefing.com reports. The firm had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. AAON had a net margin of 15.44% and a return on equity of 26.70%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS.

AAON Stock Down 13.7 %

Shares of AAON stock traded down $12.49 on Friday, reaching $78.40. 2,042,878 shares of the company were exchanged, compared to its average volume of 552,285. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 36.52 and a beta of 0.88. The company has a 50-day moving average of $86.21 and a 200-day moving average of $74.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. AAON has a one year low of $52.24 and a one year high of $96.34.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. AAON’s dividend payout ratio (DPR) is presently 14.91%.

Insider Transactions at AAON

In other news, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the transaction, the vice president now owns 15,992 shares of the company’s stock, valued at approximately $1,293,113.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Stephen E. Wakefield sold 24,655 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total value of $1,993,603.30. Following the sale, the vice president now owns 15,992 shares in the company, valued at approximately $1,293,113.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman H. Asbjornson sold 19,136 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the sale, 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 44,596 shares of company stock valued at $3,613,768 in the last 90 days. 18.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, William Blair initiated coverage on shares of AAON in a research report on Monday, April 29th. They set an “outperform” rating on the stock.

About AAON

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.