AAON (NASDAQ:AAON) Announces Quarterly Earnings Results

AAON (NASDAQ:AAON) released its quarterly earnings data on Thursday. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07), Briefing.com reports. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was down 1.4% on a year-over-year basis.

AAON Stock Performance

Shares of AAON traded down $12.49 during mid-day trading on Friday, hitting $78.40. 2,034,054 shares of the company’s stock were exchanged, compared to its average volume of 457,750. AAON has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The firm has a market capitalization of $6.44 billion, a P/E ratio of 36.75 and a beta of 0.88. The business’s 50 day moving average is $86.21 and its two-hundred day moving average is $74.33. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. AAON’s dividend payout ratio (DPR) is 15.00%.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on shares of AAON in a research note on Monday. They issued an “outperform” rating for the company.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,596 shares of company stock worth $3,613,768. Company insiders own 18.55% of the company’s stock.

AAON Company Profile

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.