AAON (NASDAQ:AAON) EVP Stephen Wakefield Acquires 1,000 Shares of Stock

AAON, Inc. (NASDAQ:AAON) EVP Stephen Wakefield bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $82.25 per share, for a total transaction of $82,250.00. Following the completion of the purchase, the executive vice president owned 11,730 shares of the company’s stock, valued at $964,792.50. This represents a 9.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AAON Stock Performance

Shares of AAON stock opened at $76.83 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $95.47 and a two-hundred day simple moving average of $86.90. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $137.90. The firm has a market capitalization of $6.27 billion, a PE ratio of 63.50 and a beta of 1.06.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business had revenue of $322.05 million for the quarter. Analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is presently 33.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AAON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

Institutional Investors Weigh In On AAON

Hedge funds and other institutional investors have recently modified their holdings of the stock. Impax Asset Management Group plc boosted its stake in AAON by 25.0% in the second quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after buying an additional 117,446 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of AAON by 88.8% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock worth $2,052,000 after acquiring an additional 13,087 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in shares of AAON in the 2nd quarter valued at $947,000. Advantage Alpha Capital Partners LP bought a new position in shares of AAON during the 2nd quarter valued at $5,574,000. Finally, King Luther Capital Management Corp raised its position in AAON by 1,346.0% in the 2nd quarter. King Luther Capital Management Corp now owns 53,502 shares of the construction company’s stock worth $3,946,000 after purchasing an additional 49,802 shares during the period. 70.81% of the stock is currently owned by institutional investors.

About AAON

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.