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

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,000 shares of the stock in a transaction on Friday, May 29th. The stock was 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 owned 15,252 shares of the company’s stock, valued at $2,138,330.40. The trade was a 55.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AAON Price Performance

NASDAQ:AAON traded down $1.54 during trading hours on Monday, hitting $138.66. The company’s stock had a trading volume of 1,133,486 shares, compared to its average volume of 1,024,571. The business’s 50-day moving average is $104.83 and its two-hundred day moving average is $94.90. The company has a market capitalization of $11.36 billion, a PE ratio of 96.97, a PEG ratio of 3.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00.

AAON (NASDAQ:AAON) last posted its earnings results 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 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%.AAON’s revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, research analysts anticipate that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On AAON

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after acquiring an additional 2,099,385 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after buying an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP lifted its stake in AAON by 23.8% in the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock valued at $187,687,000 after buying an additional 436,704 shares during the last quarter. First Trust Advisors LP lifted its stake in AAON by 22.1% in the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock valued at $166,594,000 after buying an additional 364,101 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in AAON by 5.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after buying an additional 84,693 shares during the last quarter. 70.81% of the stock is currently owned by 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.