AAON (NASDAQ:AAON) CAO Rebecca Thompson Sells 9,672 Shares

by · The Cerbat Gem

AAON, Inc. (NASDAQ:AAONGet Free Report) CAO Rebecca Thompson sold 9,672 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $136.59, for a total value of $1,321,098.48. Following the completion of the sale, the chief accounting officer owned 27,681 shares of the company’s stock, valued at approximately $3,780,947.79. This trade represents a 25.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rebecca Thompson also recently made the following trade(s):

  • On Monday, April 27th, Rebecca Thompson sold 400 shares of AAON stock. The shares were sold at an average price of $100.27, for a total value of $40,108.00.
  • On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94.
  • On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The shares were sold at an average price of $100.10, for a total value of $729,929.20.
  • On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The shares were sold at an average price of $100.11, for a total value of $228,951.57.

AAON Trading Up 1.5%

Shares of NASDAQ AAON traded up $2.04 during mid-day trading on Monday, hitting $141.70. 1,399,171 shares of the company traded hands, compared to its average volume of 1,010,077. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $149.00. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 99.09, a PEG ratio of 4.36 and a beta of 1.24. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $90.23 and a two-hundred day moving average of $90.83.

AAON (NASDAQ:AAONGet Free Report) last announced its earnings results 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 return on equity of 13.67% and a net margin of 7.30%.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 prior year, the business posted $0.37 earnings per share. AAON’s revenue was up 54.3% compared to the same quarter last year. On average, sell-side analysts anticipate that AAON, Inc. will post 2 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s dividend payout ratio is currently 27.97%.

Institutional Investors Weigh In On AAON

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in AAON by 28.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,983 shares of the construction company’s stock worth $661,000 after acquiring an additional 1,771 shares in the last quarter. Madison Asset Management LLC lifted its stake in AAON by 42.5% in the 1st quarter. Madison Asset Management LLC now owns 30,442 shares of the construction company’s stock worth $2,519,000 after acquiring an additional 9,079 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in AAON in the 1st quarter worth about $166,000. KBC Group NV increased its position in AAON by 23.5% in the 1st quarter. KBC Group NV now owns 2,323 shares of the construction company’s stock worth $192,000 after purchasing an additional 442 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of AAON by 0.3% during the 1st quarter. Swiss National Bank now owns 137,125 shares of the construction company’s stock worth $11,347,000 after purchasing an additional 400 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAON. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. DA Davidson reaffirmed a “buy” rating and set a $120.00 target price on shares of AAON in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

View Our Latest Stock Analysis on AAON

About AAON

(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.

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