AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield Sells 29,946 Shares

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the transaction, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AAON Stock Performance

Shares of AAON traded up $1.08 during mid-day trading on Monday, hitting $91.11. 389,722 shares of the company’s stock were exchanged, compared to its average volume of 723,303. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 41.94 and a beta of 0.80. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The stock’s 50-day moving average is $78.94 and its 200-day moving average is $80.31.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. AAON had a net margin of 15.44% and a return on equity of 25.84%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, equities research analysts anticipate that AAON, Inc. will post 2.24 EPS for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.32 annualized dividend and a yield of 0.35%. AAON’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. William Blair assumed coverage on shares of AAON in a research report on Monday, April 29th. They issued an “outperform” rating on the stock. DA Davidson reissued a “buy” rating and set a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th. Finally, StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research report on Monday, June 17th.

Institutional Trading of AAON

Several hedge funds have recently added to or reduced their stakes in the company. Securian Asset Management Inc. purchased a new position in AAON in the second quarter valued at approximately $475,000. Mechanics Bank Trust Department purchased a new stake in AAON in the 2nd quarter valued at $309,000. Allied Investment Advisors LLC boosted its stake in AAON by 263.1% during the 2nd quarter. Allied Investment Advisors LLC now owns 120,192 shares of the construction company’s stock worth $10,486,000 after purchasing an additional 87,092 shares during the period. SG Americas Securities LLC boosted its stake in AAON by 206.2% during the 2nd quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company’s stock worth $643,000 after purchasing an additional 4,965 shares during the period. Finally, Tidal Investments LLC grew its position in AAON by 242.4% during the 1st quarter. Tidal Investments LLC now owns 15,428 shares of the construction company’s stock worth $1,359,000 after purchasing an additional 10,922 shares during the last quarter. Institutional investors and hedge funds 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.