Key Points
- AAON EVP Matthew Shaub purchased 457 shares at an average price of $76.42, investing $34,923.94 and increasing his holdings by 17.06% to 3,136 shares.
- AAON reported stronger-than-expected quarterly results, with EPS of $0.69 versus the $0.51 consensus and revenue of $626.98 million, up 101.2% year over year.
- The company declared a quarterly dividend of $0.10 per share, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $126.67.
AAON, Inc. (NASDAQ:AAON - Get Free Report) EVP Matthew Shaub acquired 457 shares of the business's stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $76.42 per share, with a total value of $34,923.94. Following the completion of the acquisition, the executive vice president owned 3,136 shares of the company's stock, valued at approximately $239,653.12. This trade represents a 17.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
AAON Stock Up 0.1%
Shares of NASDAQ:AAON opened at $75.97 on Tuesday. The company's fifty day moving average is $99.57 and its 200-day moving average is $104.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. AAON, Inc. has a 52 week low of $73.19 and a 52 week high of $150.46. The company has a market capitalization of $6.26 billion, a PE ratio of 39.57, a P/E/G ratio of 1.44 and a beta of 1.45.
AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business had revenue of $626.98 million during the quarter, compared to analysts' expectations of $508.82 million. During the same quarter last year, the company posted $0.22 EPS. The firm's revenue for the quarter was up 101.2% on a year-over-year basis. Equities research analysts predict that AAON, Inc. will post 2.3 earnings per share for the current fiscal year.
AAON Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's dividend payout ratio (DPR) is presently 20.83%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on AAON. Robert W. Baird cut their target price on shares of AAON from $150.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, August 11th. Oppenheimer dropped their price target on AAON from $145.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Zacks Research downgraded AAON from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a research note on Tuesday, July 14th. Finally, KeyCorp restated a "sector weight" rating on shares of AAON in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $126.67.
Check Out Our Latest Analysis on AAON
Institutional Trading of AAON
Hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company's stock valued at $6,340,000 after purchasing an additional 65,813 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company's stock worth $1,271,000 after buying an additional 294 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company's stock valued at $33,669,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company's stock valued at $18,204,000 after buying an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 164 shares during the period. 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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