Key Points
- AAON director Gary Fields sold 31,271 shares on May 12 at an average price of $134.07, generating about $4.19 million and cutting his stake by 47.73%.
- The company just reported strong quarterly results, with EPS of $0.48 beating expectations of $0.31 and revenue rising 54.3% year over year to $496.94 million.
- AAON remains a closely held and well-followed stock, with institutional investors owning 70.81% of shares and analysts maintaining an overall Buy rating with a consensus target price of $107.75.
AAON, Inc. (NASDAQ:AAON - Get Free Report) Director Gary Fields sold 31,271 shares of AAON stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director directly owned 34,252 shares in the company, valued at approximately $4,592,165.64. This represents a 47.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AAON Price Performance
Shares of NASDAQ AAON opened at $135.37 on Thursday. The company has a market capitalization of $11.09 billion, a PE ratio of 94.66, a PEG ratio of 3.74 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 stock's 50 day moving average price is $93.16 and its 200-day moving average price is $91.87. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00.
AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same period last year, the business posted $0.37 earnings per share. AAON's revenue was up 54.3% on a year-over-year basis. On average, equities analysts anticipate that AAON, Inc. will post 2.23 EPS for the current year.
AAON Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, March 18th. AAON's payout ratio is presently 27.97%.
Institutional Trading of AAON
Several institutional investors and hedge funds have recently modified their holdings of the business. Pembroke Management LTD lifted its position in AAON by 28.6% in the third 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 lifted its position in 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. Moore Capital Management LP bought a new stake in AAON in the third quarter valued at approximately $13,959,000. Comerica Bank lifted its position in AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company's stock valued at $18,183,000 after purchasing an additional 45,660 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in 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 last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AAON. DA Davidson restated 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 upgraded shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of AAON in a research note on Wednesday, January 21st. William Blair reiterated an "outperform" rating on shares of AAON in a research note on Monday, March 2nd. Finally, Zacks Research upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $107.75.
Read Our Latest Report on AAON
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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