AAON, Inc. (NASDAQ:AAON) VP Rony D. Gadiwalla sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $50.38, for a total transaction of $201,520.00. Following the sale, the vice president now owns 31,934 shares of the company’s stock, valued at $1,608,834.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of AAON traded down $0.79 during mid-day trading on Friday, reaching $49.84. The stock had a trading volume of 113,516 shares, compared to its average volume of 130,929. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 61.53 and a beta of 1.01. AAON, Inc. has a 12 month low of $31.55 and a 12 month high of $53.27. The business has a fifty day moving average of $47.42 and a 200 day moving average of $46.99.
AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06). The firm had revenue of $119.40 million during the quarter, compared to the consensus estimate of $124.42 million. AAON had a return on equity of 19.78% and a net margin of 11.01%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, equities analysts anticipate that AAON, Inc. will post 1.03 earnings per share for the current fiscal year.
AAON has been the subject of several recent research reports. BidaskClub upgraded shares of AAON from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Zacks Investment Research lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. AAON has a consensus rating of “Hold” and an average price target of $40.50.
Several institutional investors and hedge funds have recently bought and sold shares of AAON. Belpointe Asset Management LLC bought a new position in shares of AAON in the first quarter worth approximately $116,000. HBK Sorce Advisory LLC bought a new position in shares of AAON in the second quarter worth approximately $201,000. Stone Ridge Asset Management LLC bought a new position in shares of AAON in the second quarter worth approximately $232,000. Advisor Group Inc. boosted its position in shares of AAON by 4.7% in the second quarter. Advisor Group Inc. now owns 4,903 shares of the construction company’s stock worth $246,000 after purchasing an additional 221 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of AAON in the second quarter worth approximately $286,000. Institutional investors and hedge funds own 72.75% of the company’s stock.
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.
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