AAON (NASDAQ:AAON) CAO Rebecca Thompson Sells 2,287 Shares
by Teresa Graham · The Cerbat GemAAON, Inc. (NASDAQ:AAON – Get Free Report) CAO Rebecca Thompson sold 2,287 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $100.11, for a total transaction of $228,951.57. Following the completion of the transaction, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at approximately $2,771,144.91. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
AAON Stock Up 0.2%
AAON traded up $0.20 during trading hours on Wednesday, hitting $95.94. 260,287 shares of the company’s stock were exchanged, compared to its average volume of 905,393. The firm has a market cap of $7.83 billion, a P/E ratio of 73.78, a price-to-earnings-growth ratio of 3.05 and a beta of 1.20. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $91.05 and a 200 day moving average of $91.12.
AAON (NASDAQ:AAON – Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The business had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 42.5% on a year-over-year basis. Analysts predict that AAON, Inc. will post 2 EPS for the current fiscal year.
AAON Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s payout ratio is presently 30.77%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AAON shares. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price target on shares of AAON in a research report 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 reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $118.00 price target (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.75.
Read Our Latest Research Report on AAON
Institutional Trading of AAON
Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of AAON by 44.3% during the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock worth $521,495,000 after acquiring an additional 2,099,385 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in AAON by 96.4% during 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 during the last quarter. Wasatch Advisors LP lifted its stake in AAON by 23.8% during the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after purchasing an additional 436,704 shares during the last quarter. First Trust Advisors LP boosted its holdings 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 valued at $180,675,000 after purchasing an additional 1,115,566 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings 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 purchasing an additional 84,693 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other 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.