Key Points
- AAON CAO Rebecca Thompson sold 9,672 shares on May 7 at an average price of $136.59, totaling about $1.32 million. After the sale, she still held 27,681 shares, and the transaction was made under a pre-arranged Rule 10b5-1 plan.
- AAON reported stronger-than-expected quarterly results, with EPS of $0.48 versus the $0.31 consensus estimate and revenue of $496.94 million versus expectations of $381.08 million. Revenue rose 54.3% year over year.
- Analysts remain generally positive on the stock, with five Buy ratings and two Hold ratings, giving AAON a consensus “Moderate Buy” and an average price target of $107.75.
AAON, Inc. (NASDAQ:AAON - Get Free Report) CAO Rebecca Thompson sold 9,672 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $136.59, for a total transaction of $1,321,098.48. Following the completion of the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $3,780,947.79. The trade was a 25.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 stock was sold at an average price of $100.27, for a total transaction of $40,108.00.
- On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94.
- 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 Price Performance
AAON stock opened at $141.70 on Tuesday. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $149.00. The stock has a market capitalization of $11.61 billion, a P/E ratio of 99.09, a P/E/G ratio of 4.36 and a beta of 1.24. The firm's 50-day moving average is $91.90 and its two-hundred day moving average is $91.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.
AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million for the quarter, compared to analysts' expectations of $381.08 million. During the same period last year, the company earned $0.37 EPS. The firm's revenue for the quarter was up 54.3% compared to the same quarter last year. Equities analysts predict that AAON, Inc. will post 2 earnings per share for the current year.
AAON Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid 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 (DPR) is currently 27.97%.
Institutional Investors Weigh In On AAON
Several hedge funds have recently modified their holdings of AAON. EverSource Wealth Advisors LLC boosted its position in shares of AAON by 96.5% in 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 acquired a new stake in shares of AAON in the third quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its position in shares of AAON by 59.5% in 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 acquired a new stake in shares of AAON in the fourth quarter worth approximately $45,000. Finally, Danske Bank A S acquired a new stake in shares of AAON in the third quarter worth approximately $47,000. 70.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
AAON has been the topic of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of AAON in a research note on Monday, March 2nd. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Oppenheimer reissued an "outperform" rating on shares of AAON in a research report on Friday. DA Davidson reissued a "buy" rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, AAON has an average rating of "Moderate Buy" and an average 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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