AAON (NASDAQ:AAON) Director Sells $2,663,800.00 in Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the sale, the director directly owned 15,252 shares of the company’s stock, valued at approximately $2,138,330.40. This trade represents a 55.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AAON Trading Up 3.3%

NASDAQ AAON opened at $148.25 on Thursday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. 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 stock has a 50-day moving average of $108.63 and a 200-day moving average of $95.81. The firm has a market cap of $12.14 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 4.02 and a beta of 1.39.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the company posted $0.37 EPS. AAON’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, sell-side analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $0.10 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several research firms have weighed in on AAON. William Blair reiterated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $107.75.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the business. SummitTX Capital L.P. raised its holdings in AAON by 1.7% in the first quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock worth $382,000 after buying an additional 76 shares during the last quarter. Toronto Dominion Bank lifted its stake in AAON by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC lifted its stake in AAON by 30.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after acquiring an additional 101 shares during the period. Huntington National Bank lifted its stake in AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after acquiring an additional 120 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors 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.