AAON (NASDAQ:AAON) EVP Matthew Shaub Buys 457 Shares of Stock

AAON, Inc. (NASDAQ:AAON) EVP Matthew Shaub acquired 457 shares of the stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $76.42 per share, for a total transaction of $34,923.94. Following the purchase, the executive vice president owned 3,136 shares of the company’s stock, valued at $239,653.12. The trade was a 17.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AAON Price Performance

NASDAQ:AAON opened at $75.97 on Tuesday. The stock has a market cap of $6.26 billion, a P/E ratio of 39.57, a PEG ratio of 1.44 and a beta of 1.45. AAON, Inc. has a one year low of $73.19 and a one year high of $150.46. The company has a fifty day moving average price of $99.57 and a 200 day moving average price of $104.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 2.01.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business’s revenue was up 101.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Analysts anticipate that AAON, Inc. will post 2.3 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Summit Securities Group LLC acquired a new stake in AAON during the fourth quarter valued at approximately $45,000. Danske Bank A S bought a new stake in shares of AAON in the 3rd quarter valued at approximately $47,000. Huntington National Bank grew its stake in shares of AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of AAON by 46.8% in the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after buying an additional 282 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer lowered their price target on AAON from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Robert W. Baird decreased their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.67.

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.