Key Points
- AAON Director Gary Fields sold 19,000 shares on May 29 at an average price of $140.20, totaling about $2.66 million. After the sale, he still held 15,252 shares, reducing his ownership by 55.47%.
- The company reported strong quarterly results, posting EPS of $0.48 versus expectations of $0.31 and revenue of $496.94 million versus $381.08 million expected. Revenue jumped 54.3% year over year.
- AAON also announced a quarterly dividend of $0.10 per share, payable June 26 to shareholders of record on June 5. The annualized dividend is $0.40, implying a yield of about 0.3%.
AAON, Inc. (NASDAQ:AAON - Get Free Report) Director Gary Fields sold 19,000 shares of AAON stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.20, for a total value of $2,663,800.00. Following the sale, the director owned 15,252 shares in the company, valued at $2,138,330.40. This represents a 55.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
AAON Price Performance
AAON stock opened at $138.66 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The stock's 50 day moving average is $106.00 and its two-hundred day moving average is $95.15. The company has a market capitalization of $11.36 billion, a PE ratio of 96.97, a P/E/G ratio of 3.92 and a beta of 1.38.
AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share 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 business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same period in the previous year, the business earned $0.37 EPS. The business's quarterly revenue was up 54.3% on a year-over-year basis. Analysts predict that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.
AAON Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON's payout ratio is 27.97%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC acquired a new position in AAON during the 3rd quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in AAON by 96.5% during 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 period. Jones Financial Companies Lllp boosted its position in AAON by 59.5% during 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 period. Danske Bank A S acquired a new position in AAON during the 3rd quarter valued at approximately $47,000. Finally, Huntington National Bank boosted its position in AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company's stock valued at $53,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AAON shares. Oppenheimer reiterated an "outperform" rating on shares of AAON in a report on Friday, May 8th. Zacks Research upgraded AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. DA Davidson reiterated a "buy" rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Finally, William Blair reiterated an "outperform" rating on shares of AAON in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, AAON has a consensus rating of "Buy" and an average target price of $107.75.
Get Our Latest Research 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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