Key Points
- AAON CEO Matthew Joseph Tobolski sold 8,000 shares on May 13 for about $1.08 million, reducing his direct stake by 6.54% but still holding 114,371 shares.
- The company beat quarterly earnings expectations, reporting $0.48 EPS versus $0.31 expected and revenue of $496.94 million versus $381.08 million anticipated, with revenue up 54.3% year over year.
- AAON shares were trading at $140.00, near the top of their 52-week range of $62.00 to $149.00, while analysts currently have a Buy consensus and a price target of $107.75.
AAON, Inc. (NASDAQ:AAON - Get Free Report) CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the sale, the chief executive officer directly owned 114,371 shares in the company, valued at $15,482,402.27. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
AAON Price Performance
Shares of AAON stock opened at $140.00 on Friday. The stock's fifty day simple moving average is $94.06 and its 200 day simple moving average is $92.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 97.90, a P/E/G ratio of 3.79 and a beta of 1.24. AAON, Inc. has a one year low of $62.00 and a one year high of $149.00.
AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.AAON's quarterly revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, analysts expect that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.
AAON Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON's payout ratio is currently 27.97%.
Hedge Funds Weigh In On AAON
Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock valued at $25,000 after purchasing an additional 164 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in AAON in the 3rd quarter valued at $26,000. Jones Financial Companies Lllp raised its position in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company's stock valued at $34,000 after purchasing an additional 141 shares during the last quarter. Summit Securities Group LLC bought a new position in AAON in the 4th quarter valued at $45,000. Finally, Danske Bank A S bought a new position in AAON in the 3rd quarter valued at $47,000. Institutional investors own 70.81% of the company's stock.
Wall Street Analyst Weigh In
AAON has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of AAON in a research note on Wednesday, January 21st. Oppenheimer reaffirmed an "outperform" rating on shares of AAON in a research note on Friday, May 8th. William Blair reaffirmed an "outperform" rating on shares of AAON in a research note on Monday, March 2nd. Zacks Research raised AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $107.75.
Check Out Our Latest Stock 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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