AAON (NASDAQ:AAON) Director Gary Fields Sells 19,000 Shares

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,000 shares of AAON stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the transaction, the director directly owned 15,252 shares in the company, valued at $2,138,330.40. This represents a 55.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AAON Stock Performance

NASDAQ AAON opened at $138.66 on Tuesday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 96.97, a P/E/G ratio of 3.92 and a beta of 1.38. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $149.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The business’s 50-day simple moving average is $106.00 and its 200-day simple moving average is $95.15.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share 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 return on equity of 13.67% and a net margin of 7.30%.The company’s revenue was up 54.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Equities analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. AAON’s payout ratio is currently 27.97%.

Institutional Investors Weigh In On AAON

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SummitTX Capital L.P. increased its holdings in AAON by 1.7% during the 1st quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock worth $382,000 after purchasing an additional 76 shares during the last quarter. Toronto Dominion Bank increased its holdings in AAON by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock worth $448,000 after purchasing an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in AAON by 30.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after purchasing an additional 101 shares during the last quarter. Huntington National Bank increased its holdings in AAON by 21.1% during the 4th 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 last quarter. Finally, Jones Financial Companies Lllp increased its holdings in AAON by 59.5% during the 3rd 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 last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAON. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Finally, Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $107.75.

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.