AAON (NASDAQ:AAON) EVP Gordon Douglas Wichman Sells 3,000 Shares of Stock

AAON, Inc. (NASDAQ:AAON) EVP Gordon Douglas Wichman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. This trade represents a 21.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

AAON Stock Down 1.1%

Shares of NASDAQ AAON opened at $139.54 on Thursday. The company’s 50-day simple moving average is $102.34 and its 200-day simple moving average is $94.40. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 97.58, a price-to-earnings-growth ratio of 3.95 and a beta of 1.24. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. Equities analysts predict that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is currently 27.97%.

Institutional Trading of AAON

A number of 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 1st quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock valued at $382,000 after acquiring an additional 76 shares during the last quarter. Toronto Dominion Bank raised its holdings in AAON by 1.7% in 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 last quarter. EverSource Wealth Advisors LLC raised its holdings in AAON by 30.2% in 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 last quarter. Huntington National Bank raised its stake in AAON by 21.1% during the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after purchasing an additional 120 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAON. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. One 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 stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of “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.