AAON (NASDAQ:AAON) Insider Casey Kidwell Sells 5,225 Shares of Stock

AAON, Inc. (NASDAQ:AAON) insider Casey Kidwell sold 5,225 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider owned 12,662 shares in the company, valued at approximately $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AAON Price Performance

Shares of AAON stock opened at $81.56 on Tuesday. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $93.62 and a 200-day moving average of $91.32.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The business’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, equities research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AAON. Pembroke Management LTD raised its holdings in shares of AAON by 28.6% in the third quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock valued at $51,686,000 after purchasing an additional 122,937 shares during the last quarter. Jackson Square Partners LLC boosted its holdings in AAON by 195.8% during the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock worth $12,496,000 after purchasing an additional 88,516 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in AAON by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock worth $53,751,000 after purchasing an additional 110,715 shares during the last quarter. WCM Investment Management LLC grew its position in AAON by 34.7% in the third quarter. WCM Investment Management LLC now owns 281,288 shares of the construction company’s stock valued at $25,735,000 after purchasing an additional 72,506 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in AAON by 26.6% in the third quarter. New York State Common Retirement Fund now owns 166,925 shares of the construction company’s stock valued at $15,597,000 after purchasing an additional 35,112 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AAON shares. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $118.00 price target (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. Finally, DA Davidson reissued a “buy” rating and set a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

About AAON

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.