AAON (NASDAQ:AAON) EVP Sells $421,170.00 in Stock

AAON, Inc. (NASDAQ:AAON) EVP Gordon Douglas Wichman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total value of $421,170.00. Following the completion of the sale, the executive vice president directly owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. This represents a 21.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AAON Price Performance

NASDAQ:AAON opened at $140.20 on Friday. AAON, Inc. has a one year low of $62.00 and a one year high of $149.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market cap of $11.48 billion, a PE ratio of 98.04, a P/E/G ratio of 3.98 and a beta of 1.24. The stock has a 50 day moving average price of $104.83 and a 200 day moving average price of $94.98.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 54.3% on a year-over-year basis. Equities research analysts expect that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is 27.97%.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Square Partners LLC grew its stake in shares of AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after buying an additional 88,516 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of AAON in the third quarter valued at $13,959,000. Comerica Bank grew its stake in shares of AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock valued at $18,183,000 after buying an additional 45,660 shares in the last quarter. First Trust Advisors LP grew its stake in shares of AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after buying an additional 1,115,566 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its stake in shares of AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after buying an additional 1,138,658 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent analyst reports. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, DA Davidson reissued a “buy” rating and set a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $107.75.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.