AAON (NASDAQ:AAON) Trading Down 4.4% – Time to Sell?

AAON, Inc. (NASDAQ:AAON) dropped 4.4% during trading on Wednesday . The company traded as low as $88.82 and last traded at $89.64. Approximately 80,274 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 887,923 shares. The stock had previously closed at $93.81.

Analysts Set New Price Targets

AAON has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. DA Davidson reiterated a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

AAON Price Performance

The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 70.37, a P/E/G ratio of 2.89 and a beta of 1.20. The stock has a fifty day simple moving average of $91.18 and a 200-day simple moving average of $91.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The company had revenue of $424.22 million during the quarter, compared to analyst estimates of $374.10 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 42.5% compared to the same quarter last year. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is presently 30.77%.

Insider Transactions at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the transaction, the insider directly owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. The trade was a 29.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CBIZ Investment Advisory Services LLC acquired a new position in AAON in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. Jones Financial Companies Lllp lifted its holdings in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after acquiring an additional 141 shares during the period. Danske Bank A S acquired a new position in shares of AAON during the 3rd quarter worth approximately $47,000. Finally, Huntington National Bank raised its stake in shares of AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after buying an additional 121 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.