AAON, Inc. (NASDAQ:AAON) Short Interest Up 14.9% in April

AAON, Inc. (NASDAQ:AAON) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,780,000 shares, an increase of 14.9% from the March 31st total of 2,420,000 shares. Based on an average daily trading volume, of 437,300 shares, the days-to-cover ratio is currently 6.4 days.

Insider Buying and Selling at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the sale, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders have sold a total of 44,596 shares of company stock worth $3,613,768 over the last ninety days. 18.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the stock. YHB Investment Advisors Inc. acquired a new position in AAON during the first quarter worth about $87,000. SYSTM Wealth Solutions LLC lifted its position in shares of AAON by 3,078.1% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 7,691 shares of the construction company’s stock worth $678,000 after buying an additional 7,449 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of AAON by 33.8% in the 1st quarter. CENTRAL TRUST Co now owns 23,259 shares of the construction company’s stock worth $2,049,000 after buying an additional 5,871 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in AAON in the 1st quarter valued at about $2,893,000. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of AAON by 7.9% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 10,604 shares of the construction company’s stock worth $934,000 after purchasing an additional 776 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 1.4 %

Shares of NASDAQ AAON opened at $91.15 on Monday. The business’s 50 day moving average is $85.47 and its two-hundred day moving average is $73.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. AAON has a 1-year low of $52.24 and a 1-year high of $93.30. The stock has a market capitalization of $7.48 billion, a P/E ratio of 42.73 and a beta of 0.91.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The company had revenue of $306.60 million for the quarter, compared to the consensus estimate of $294.35 million. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, research analysts expect that AAON will post 2.29 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. AAON’s dividend payout ratio (DPR) is currently 15.00%.

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.