Key Points
- Insider selling: AAON insider Casey Kidwell sold 3,153 shares on May 14 at an average price of $138.30, generating about $436,060. After the sale, Kidwell still held 13,463 shares.
- Strong quarterly results: AAON reported Q1 earnings of $0.48 per share, beating estimates of $0.31, while revenue came in at $496.94 million versus expectations of $381.08 million. Revenue rose 54.3% year over year.
- Stock and analyst backdrop: AAON shares opened at $135.49 with a market cap of $11.1 billion, and analysts currently have a consensus rating of Buy with an average price target of $107.75. The stock also pays a quarterly dividend of $0.10, or $0.40 annualized.
AAON, Inc. (NASDAQ:AAON - Get Free Report) insider Casey Kidwell sold 3,153 shares of the company's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the transaction, the insider directly owned 13,463 shares of the company's stock, valued at approximately $1,861,932.90. This trade represents a 18.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Casey Kidwell also recently made the following trade(s):
- On Thursday, March 12th, Casey Kidwell sold 5,225 shares of AAON stock. The stock was sold at an average price of $90.00, for a total value of $470,250.00.
AAON Stock Performance
NASDAQ AAON opened at $135.49 on Friday. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 94.75, a price-to-earnings-growth ratio of 3.92 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 business has a 50-day moving average price of $94.85 and a 200-day moving average price of $92.41. 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 released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during 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%.The business's quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, equities research analysts predict that AAON, Inc. will post 2.23 EPS for the current fiscal year.
AAON Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. AAON's dividend payout ratio is 27.97%.
Analyst Ratings Changes
A number of research firms have recently weighed in on AAON. Oppenheimer reaffirmed an "outperform" rating on shares of AAON in a research note on Friday, May 8th. DA Davidson reissued a "buy" rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. William Blair reissued an "outperform" rating on shares of AAON in a research note on Monday, March 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised AAON from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. One 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $107.75.
Check Out Our Latest Research Report on AAON
Hedge Funds Weigh In On AAON
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC boosted its stake in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock valued at $25,000 after buying an additional 164 shares during the last quarter. CBIZ Investment Advisory Services LLC bought a new position in AAON during the third quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its stake in AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company's stock valued at $34,000 after buying an additional 141 shares during the last quarter. Summit Securities Group LLC bought a new position in AAON during the fourth quarter valued at approximately $45,000. Finally, Danske Bank A S bought a new position in AAON during the third quarter valued at approximately $47,000. 70.81% of the stock is owned by 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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