Key Points
- Insider sale: AAON insider Casey Kidwell sold 5,225 shares at an average price of $90 on March 12 for $470,250, cutting his stake by 29.21% to 12,662 shares (valued at $1,139,580).
- Earnings and dividend: AAON reported Q EPS of $0.39, missing the $0.45 estimate while revenue rose 42.5% to $424.22M and beat expectations; the company also declared a $0.10 quarterly dividend (annualized $0.40, ~0.5% yield) payable March 30 with an ex-dividend/record date of March 18.
- Stock profile and analyst view: the shares trade within a 52-week range of $62.00–$116.04 with a $6.65B market cap and P/E of 62.74, and analysts have a consensus rating of Moderate Buy with an average price target of $107.75.
AAON, Inc. (NASDAQ:AAON - Get Free Report) insider Casey Kidwell sold 5,225 shares of the firm's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the transaction, the insider owned 12,662 shares of the company's stock, valued at $1,139,580. The trade was a 29.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AAON Price Performance
NASDAQ:AAON opened at $81.56 on Tuesday. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $116.04. The company has a market cap of $6.65 billion, a P/E ratio of 62.74, a P/E/G ratio of 2.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63. The stock's 50-day simple moving average is $93.62 and its 200 day simple moving average is $91.32.
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). The company had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The business's revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. As a group, sell-side analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.
AAON Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 18th. AAON's dividend payout ratio is presently 30.77%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of AAON in a report on Wednesday, January 21st. Oppenheimer reissued an "outperform" rating and issued a $118.00 price objective (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. William Blair reaffirmed an "outperform" rating on shares of AAON in a report on Monday, March 2nd. Finally, DA Davidson reiterated a "buy" rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.75.
Get Our Latest Stock Report on AAON
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Pembroke Management LTD lifted its holdings in AAON by 28.6% during the 3rd quarter. Pembroke Management LTD now owns 553,149 shares of the construction company's stock valued at $51,686,000 after purchasing an additional 122,937 shares during the last quarter. Jackson Square Partners LLC increased its holdings in shares of AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company's stock valued at $12,496,000 after purchasing an additional 88,516 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of AAON by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company's stock valued at $53,751,000 after purchasing an additional 110,715 shares during the last quarter. WCM Investment Management LLC raised its position in shares of AAON by 34.7% in the third quarter. WCM Investment Management LLC now owns 281,288 shares of the construction company's stock valued at $25,735,000 after purchasing an additional 72,506 shares during the period. Finally, Advantage Alpha Capital Partners LP bought a new position in shares of AAON in the second quarter valued at about $5,574,000. 70.81% of the stock is owned by institutional investors and hedge funds.
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.
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