AAON (NASDAQ:AAON) Director Gary Fields Sells 26,746 Shares of Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 26,746 shares of AAON stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AAON Stock Performance

NASDAQ:AAON opened at $102.04 on Thursday. The company has a market capitalization of $8.32 billion, a PE ratio of 69.41 and a beta of 1.05. The company has a 50 day simple moving average of $95.36 and a two-hundred day simple moving average of $88.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $142.20.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm had revenue of $322.05 million for the quarter. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s payout ratio is presently 33.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC acquired a new stake in AAON in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $25,000 after purchasing an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in AAON in the 2nd quarter valued at $26,000. Jones Financial Companies Lllp grew its position in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Finally, Huntington National Bank increased its stake in AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AAON shares. Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a report on Friday, November 7th. DA Davidson decreased their target price on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

About AAON

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.