Gordon Douglas Wichman Sells 3,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total value of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. This trade represents a 21.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AAON Stock Up 1.9%

Shares of AAON opened at $142.26 on Friday. AAON, Inc. has a one year low of $62.00 and a one year high of $149.00. The company has a market cap of $11.65 billion, a P/E ratio of 99.48, a P/E/G ratio of 3.91 and a beta of 1.24. 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 firm has a 50 day simple moving average of $103.59 and a two-hundred day simple moving average of $94.66.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 54.3% on a year-over-year basis. Research analysts forecast that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAON has been the subject of several research analyst reports. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. DA Davidson reissued a “buy” rating and set a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $107.75.

Hedge Funds Weigh In On AAON

A number of hedge funds have recently modified their holdings of the business. CBIZ Investment Advisory Services LLC acquired a new stake in AAON in the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased 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 purchasing an additional 164 shares during the period. Jones Financial Companies Lllp increased 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 purchasing an additional 141 shares during the period. Danske Bank A S acquired a new stake in AAON in the third quarter valued at $47,000. Finally, Huntington National Bank increased its holdings in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.