Matthew Shaub Buys 457 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAONGet Free Report) EVP Matthew Shaub acquired 457 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of $76.42 per share, with a total value of $34,923.94. Following the purchase, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This trade represents a 17.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AAON Price Performance

Shares of NASDAQ AAON opened at $75.35 on Wednesday. The firm has a market capitalization of $6.21 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $98.49 and its two-hundred day simple moving average is $104.35. AAON, Inc. has a twelve month low of $73.19 and a twelve month high of $150.46.

AAON (NASDAQ:AAONGet Free Report) last issued its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. During the same quarter last year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 101.2% on a year-over-year basis. As a group, equities analysts anticipate that AAON, Inc. will post 2.3 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s payout ratio is presently 20.83%.

Institutional Trading of AAON

Several hedge funds and other institutional investors have recently bought and sold shares of AAON. SummitTX Capital L.P. raised its stake in shares of AAON by 1.7% during the first quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock worth $382,000 after acquiring an additional 76 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of AAON by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock worth $448,000 after acquiring an additional 99 shares during the last quarter. Huntington National Bank lifted its holdings in shares of AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 164 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of AAON by 20.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAON. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Oppenheimer dropped their price objective on shares of AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird lowered their price target on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.67.

Read Our Latest Stock Analysis on AAON

About AAON

(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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