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 on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the transaction, the director owned 34,252 shares in the company, valued at approximately $4,806,925.68. This represents a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AAON Stock Down 1.0%

NASDAQ AAON traded down $1.38 during trading on Wednesday, hitting $139.74. 629,679 shares of the company traded hands, compared to its average volume of 1,019,723. The business has a fifty day simple moving average of $101.18 and a 200 day simple moving average of $94.12. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00. The company has a market capitalization of $11.45 billion, a P/E ratio of 97.72, a PEG ratio of 3.77 and a beta of 1.24.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same period in the prior year, the company earned $0.37 earnings per share. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. As a group, sell-side analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AAON. Wellington Management Group LLP raised its position in AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. raised its position in AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after purchasing an additional 1,209,205 shares in the last quarter. Champlain Investment Partners LLC raised its position 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 worth $216,811,000 after purchasing an additional 1,138,658 shares in the last quarter. First Trust Advisors LP raised its position in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after purchasing an additional 1,115,566 shares in the last quarter. Finally, Bamco Inc. NY acquired a new position in AAON in the third quarter worth about $67,922,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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