Gary D. Fields Sells 37,189 Shares of AAON, Inc. (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) CEO Gary D. Fields sold 37,189 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer now owns 63,714 shares of the company’s stock, valued at $6,256,714.80. This trade represents a 36.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

AAON Trading Up 0.9 %

Shares of AAON stock opened at $100.32 on Friday. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $83.67 and a 200-day moving average of $108.09. The firm has a market cap of $8.16 billion, a P/E ratio of 44.19 and a beta of 1.06.

AAON (NASDAQ:AAON) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.10 dividend. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. AAON’s dividend payout ratio (DPR) is presently 21.05%.

AAON announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently commented on AAON shares. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday, February 28th. DA Davidson dropped their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Robert W. Baird cut their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AAON presently has an average rating of “Moderate Buy” and an average target price of $115.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in shares of AAON by 182.2% in the third quarter. Barclays PLC now owns 84,472 shares of the construction company’s stock valued at $9,111,000 after purchasing an additional 54,535 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in AAON in the 3rd quarter worth about $43,000. Franklin Resources Inc. increased its position in shares of AAON by 258.8% during the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock valued at $37,014,000 after buying an additional 238,308 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after buying an additional 150,207 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of AAON by 56.4% in the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the construction company’s stock valued at $193,000 after acquiring an additional 590 shares during the period. 70.81% of the stock is owned by institutional investors.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.