AAON (NASDAQ:AAON) Insider Casey Kidwell Sells 3,153 Shares

by · The Cerbat Gem

AAON, Inc. (NASDAQ:AAONGet Free Report) insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares in the company, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Casey Kidwell also recently made the following trade(s):

  • On Thursday, March 12th, Casey Kidwell sold 5,225 shares of AAON stock. The shares were sold at an average price of $90.00, for a total value of $470,250.00.

AAON Stock Down 4.5%

Shares of NASDAQ:AAON traded down $6.34 during trading on Friday, hitting $133.66. The company’s stock had a trading volume of 603,247 shares, compared to its average volume of 1,018,911. The business has a 50 day moving average price of $94.06 and a two-hundred day moving average price of $92.11. The company has a market capitalization of $10.95 billion, a PE ratio of 93.73, a P/E/G ratio of 3.79 and a beta of 1.24. 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 fifty-two week low of $62.00 and a fifty-two week high of $149.00.

AAON (NASDAQ:AAONGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, research analysts expect that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. AAON’s payout ratio is 27.97%.

Analyst Ratings Changes

AAON has been the subject of several research reports. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson restated a “buy” rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AAON has an average rating of “Buy” and a consensus target price of $107.75.

Check Out Our Latest Analysis on AAON

Hedge Funds Weigh In On AAON

Large investors have recently bought and sold shares of the business. 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 buying an additional 164 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in AAON in the third quarter valued at $26,000. 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 buying an additional 141 shares during the last quarter. Summit Securities Group LLC purchased a new position in AAON in the fourth quarter valued at $45,000. Finally, Danske Bank A S purchased a new position in AAON in the third quarter valued at $47,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Company Profile

(Get Free Report)

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.

Featured Articles