AAON (NASDAQ:AAON) EVP Stephen Wakefield Acquires 1,000 Shares

AAON, Inc. (NASDAQ:AAON) EVP Stephen Wakefield purchased 1,000 shares of AAON stock in a transaction dated Thursday, December 11th. The shares were bought at an average cost of $82.25 per share, for a total transaction of $82,250.00. Following the transaction, the executive vice president directly owned 11,730 shares of the company’s stock, valued at approximately $964,792.50. The trade was a 9.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AAON Stock Down 1.4%

NASDAQ AAON traded down $1.10 on Monday, hitting $76.83. 1,400,023 shares of the stock traded hands, compared to its average volume of 1,021,555. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $96.01 and a 200 day moving average of $87.03. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $137.90. The company has a market capitalization of $6.27 billion, a P/E ratio of 63.50 and a beta of 1.06.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business had revenue of $322.05 million during the quarter. As a group, analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio is 33.06%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AAON. CBIZ Investment Advisory Services LLC bought a new stake in shares of AAON during the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its position in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in AAON during the 2nd quarter valued at $26,000. Jones Financial Companies Lllp boosted its position in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares during the period. Finally, Danske Bank A S bought a new position in shares of AAON in the third quarter worth $47,000. Institutional investors own 70.81% of the company’s stock.

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. 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.