Key Points
- Rebecca Thompson, AAON's chief accounting officer, sold 21,914 shares on April 24 at an average price of $100.21 for about $2.196 million, leaving her with 27,681 shares — a 44.19% reduction in her position.
- AAON shares were reported down 8.0%, trading around $91.64 after the company posted quarterly EPS of $0.39 (missing estimates by $0.06) while revenue rose 42.5% year-over-year to $424.22 million.
- Analyst sentiment is mildly positive with a consensus "Moderate Buy" and an average price target of $107.75, and the company pays a $0.10 quarterly dividend (annualized $0.40, ~0.4% yield).
AAON, Inc. (NASDAQ:AAON - Get Free Report) CAO Rebecca Thompson sold 21,914 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at $2,773,913.01. This represents a 44.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Rebecca Thompson also recently made the following trade(s):
- On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The stock was sold at an average price of $100.10, for a total transaction of $729,929.20.
- On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The stock was sold at an average price of $100.11, for a total transaction of $228,951.57.
AAON Stock Down 8.0%
Shares of AAON opened at $91.64 on Tuesday. The stock has a market capitalization of $7.48 billion, a PE ratio of 70.49, a P/E/G ratio of 3.11 and a beta of 1.20. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $116.04. 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 company's 50-day simple moving average is $90.66 and its 200-day simple moving average is $90.96.
AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The firm's revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Analysts forecast that AAON, Inc. will post 2 earnings per share for the current fiscal year.
AAON Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON's dividend payout ratio is currently 30.77%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on AAON shares. Oppenheimer reissued an "outperform" rating and set a $118.00 price target (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. William Blair reissued an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. DA Davidson reissued a "buy" rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AAON in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, AAON has an average rating of "Moderate Buy" and an average target price of $107.75.
Check Out Our Latest Stock Analysis on AAON
Hedge Funds Weigh In On AAON
Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock worth $25,000 after acquiring an additional 164 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of AAON during the third quarter worth approximately $26,000. Jones Financial Companies Lllp grew its position in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of AAON during the fourth quarter worth approximately $45,000. Finally, Danske Bank A S purchased a new position in shares of AAON during the third quarter worth approximately $47,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
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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