Gary Fields Sells 21,173 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 21,173 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.34, for a total value of $2,971,418.82. Following the sale, the director owned 34,252 shares of the company’s stock, valued at approximately $4,806,925.68. The trade was a 38.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AAON Trading Up 1.9%

AAON opened at $142.26 on Friday. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 99.48, a price-to-earnings-growth ratio of 3.91 and a beta of 1.24. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $149.00. The business’s 50 day moving average is $103.59 and its two-hundred day moving average is $94.66. 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 released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm’s revenue was up 54.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, research analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAON has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. DA Davidson restated a “buy” rating and set a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, AAON has a consensus rating of “Buy” and an average price target of $107.75.

Institutional Investors Weigh In On AAON

Several institutional investors have recently made changes to their positions in the stock. Summitry LLC boosted its position in shares of AAON by 2.6% during the 1st quarter. Summitry LLC now owns 7,830 shares of the construction company’s stock worth $648,000 after purchasing an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of AAON by 48.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after purchasing an additional 178 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of AAON by 22.7% during the 1st quarter. California State Teachers Retirement System now owns 80,436 shares of the construction company’s stock worth $6,656,000 after purchasing an additional 14,878 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of AAON during the 1st quarter worth $1,312,000. Finally, American Capital Management Inc. boosted its position in shares of AAON by 1.9% during the 1st quarter. American Capital Management Inc. now owns 276,884 shares of the construction company’s stock worth $22,912,000 after purchasing an additional 5,147 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

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.