Insider Selling: AAON (NASDAQ:AAON) Director Sells $2,971,418.82 in Stock

AAON, Inc. (NASDAQ:AAONGet Free Report) Director Gary Fields sold 21,173 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the completion of the transaction, the director directly owned 34,252 shares in the company, valued at $4,806,925.68. This trade represents a 38.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

AAON Price Performance

AAON opened at $140.20 on Friday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00. The firm has a 50-day moving average of $104.83 and a 200 day moving average of $94.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The firm has a market cap of $11.48 billion, a P/E ratio of 98.04, a PEG ratio of 3.98 and a beta of 1.24.

AAON (NASDAQ:AAONGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. On average, research analysts expect that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors 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 of this dividend is Friday, June 5th. AAON’s payout ratio is 27.97%.

Hedge Funds Weigh In On AAON

Several hedge funds have recently made changes to their positions in AAON. EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in AAON during the 3rd quarter valued at about $26,000. Jones Financial Companies Lllp increased its position in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares during the period. Summit Securities Group LLC bought a new stake in shares of AAON during the fourth quarter valued at about $45,000. Finally, Danske Bank A S purchased a new stake in shares of AAON in the third quarter worth about $47,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AAON shares. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. One investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $107.75.

Check Out Our Latest Analysis 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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Insider Buying and Selling by Quarter for AAON (NASDAQ:AAON)

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