AAON, Inc. (NASDAQ:AAON) Announces $0.10 Quarterly Dividend

AAON, Inc. (NASDAQ:AAONGet Free Report) declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, September 4th will be given a dividend of 0.10 per share by the construction company on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th.

AAON has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. AAON has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect AAON to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.6%.

AAON Trading Up 2.9%

NASDAQ:AAON opened at $87.67 on Friday. AAON has a 52 week low of $73.19 and a 52 week high of $150.46. The firm has a 50 day moving average of $111.87 and a 200 day moving average of $105.71. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 1.61 and a beta of 1.45.

AAON (NASDAQ:AAONGet Free Report) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.86%. The company had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. During the same period last year, the firm earned $0.22 earnings per share. AAON’s revenue was up 101.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that AAON will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at AAON

In other news, Director Gary D. Fields sold 21,173 shares of AAON stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total transaction of $2,971,418.82. Following the completion of the sale, the director directly owned 34,252 shares in the company, valued at approximately $4,806,925.68. The trade was a 38.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Thompson sold 4,230 shares of AAON stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,403 shares of company stock worth $6,663,055. 18.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AAON

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in AAON by 44.3% during the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock worth $521,495,000 after acquiring an additional 2,099,385 shares during the period. Wasatch Advisors LP increased its holdings in shares of AAON by 3.1% in the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after purchasing an additional 70,399 shares during the period. First Trust Advisors LP raised its stake in shares of AAON by 22.1% in the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock worth $166,594,000 after purchasing an additional 364,101 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of AAON by 5.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock worth $135,421,000 after purchasing an additional 84,693 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of AAON by 53.2% during the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock worth $107,028,000 after purchasing an additional 487,601 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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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Dividend History for AAON (NASDAQ:AAON)

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