Key Points
- AAON Director Gary Fields sold 21,173 shares on May 26 at an average price of $140.34, for total proceeds of about $2.97 million. After the sale, he still owned 34,252 shares, a 38.2% reduction in his position.
- The company recently reported strong quarterly results, beating earnings and revenue expectations with EPS of $0.48 versus $0.31 expected and revenue of $496.94 million, up 54.3% year over year. Analysts now expect AAON to earn 2.23 EPS for the current year.
- AAON also announced a quarterly dividend of $0.10 per share, payable June 26, which annualizes to $0.40 and yields about 0.3%. The stock has drawn mostly positive analyst sentiment, with an average rating of “Buy.”
AAON, Inc. (NASDAQ:AAON - Get Free Report) EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the transaction, the executive vice president directly owned 10,997 shares in the company, valued at $1,543,868.83. This trade represents a 21.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
AAON Price Performance
Shares of AAON stock opened at $139.54 on Thursday. 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's 50-day moving average is $102.34 and its two-hundred day moving average is $94.40. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00. The company has a market capitalization of $11.43 billion, a PE ratio of 97.58, a price-to-earnings-growth ratio of 3.95 and a beta of 1.24.
AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $381.08 million. During the same period in the previous year, the firm earned $0.37 earnings per share. AAON's quarterly revenue was up 54.3% compared to the same quarter last year. Analysts predict that AAON, Inc. will post 2.23 earnings per share for the current year.
AAON Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON's payout ratio is 27.97%.
Wall Street Analysts Forecast Growth
AAON has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating on shares of AAON in a research report on Friday, May 8th. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Zacks Research raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. DA Davidson reaffirmed a "buy" rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Finally, William Blair reaffirmed an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. 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, AAON currently has a consensus rating of "Buy" and an average target price of $107.75.
Get Our Latest Report on AAON
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of AAON. Jackson Square Partners LLC increased its holdings 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 buying an additional 88,516 shares during the last quarter. Moore Capital Management LP purchased a new position in AAON in the third quarter valued at $13,959,000. Comerica Bank increased its holdings 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 buying an additional 45,660 shares during the last quarter. First Trust Advisors LP increased its holdings in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company's stock valued at $180,675,000 after buying an additional 1,115,566 shares during the last quarter. Finally, WCM Investment Management LLC increased its holdings 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 buying an additional 72,506 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
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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