Key Points
- Director Gary Fields sold 3,553 AAON shares on Nov. 12 at an average price of $105.14 for $373,562, reducing his position by 11.89% to 26,340 shares (valued ~ $2.77M).
- AAON declared a quarterly dividend of $0.10 per share (ex-dividend Nov. 26, payable Dec. 18), equivalent to a $0.40 annualized payout and a 0.4% yield with a 33.06% payout ratio.
- Shares traded down to $94.25 (about -1%), the company has a $7.69B market cap and a P/E of 64.12, and analysts’ consensus is a “Moderate Buy” with an average price target of $104.60.
AAON, Inc. (NASDAQ:AAON - Get Free Report) Director Gary Fields sold 3,553 shares of the company's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total transaction of $373,562.42. Following the transaction, the director owned 26,340 shares in the company, valued at approximately $2,769,387.60. The trade was a 11.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
AAON Stock Down 1.0%
Shares of NASDAQ AAON traded down $0.92 during mid-day trading on Friday, reaching $94.25. 92,986 shares of the company's stock traded hands, compared to its average volume of 1,029,431. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. The business has a 50-day simple moving average of $95.64 and a 200 day simple moving average of $88.73. The stock has a market cap of $7.69 billion, a P/E ratio of 64.12 and a beta of 1.05. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $142.20.
AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. On average, analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.
AAON Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON's payout ratio is presently 33.06%.
Analyst Upgrades and Downgrades
AAON has been the subject of a number of analyst reports. Oppenheimer reissued an "outperform" rating and issued a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Zacks Research raised shares of AAON from a "strong sell" rating to a "hold" rating in a research report on Monday, October 13th. DA Davidson cut their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen lowered shares of AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Finally, Robert W. Baird cut their target price on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.60.
View Our Latest Stock Analysis on AAON
Hedge Funds Weigh In On AAON
Several institutional investors and hedge funds have recently bought and sold shares of AAON. Vanguard Group Inc. raised its stake in shares of AAON by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock valued at $509,111,000 after buying an additional 276,722 shares during the period. Wellington Management Group LLP increased its holdings in AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company's stock worth $442,896,000 after acquiring an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC raised its stake in AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company's stock valued at $216,811,000 after acquiring an additional 1,138,658 shares during the period. Blair William & Co. IL lifted its holdings in AAON by 4.7% during the second quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company's stock valued at $168,155,000 after purchasing an additional 102,382 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its position in AAON by 7.3% during the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company's stock worth $150,210,000 after purchasing an additional 139,024 shares during the period. 70.81% of the stock is owned by institutional investors.
About AAON
(
Get Free Report)
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.
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