AAON, Inc. (NASDAQ:AAON – Get 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.
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
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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