AAON (NASDAQ:AAON) Director Sells $4,192,502.97 in Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 31,271 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total value of $4,192,502.97. Following the completion of the transaction, the director owned 34,252 shares of the company’s stock, valued at $4,592,165.64. This represents a 47.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AAON Price Performance

AAON stock opened at $135.49 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $11.10 billion, a PE ratio of 94.75, a P/E/G ratio of 3.92 and a beta of 1.24. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00. The stock has a 50-day moving average price of $94.85 and a two-hundred day moving average price of $92.41.

AAON (NASDAQ:AAON) last posted its 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. The firm had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. Analysts expect that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is currently 27.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.75.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently made changes to their positions in AAON. Millennium Management LLC increased its stake in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after buying an additional 65,813 shares during the period. NewEdge Advisors LLC grew its stake in AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. increased its holdings in AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after purchasing an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.