AAON, Inc. (AAON) To Go Ex-Dividend on March 18th

AAON, Inc. (NASDAQ:AAON) declared a quarterly dividend on Thursday, March 5th. Stockholders of record on Wednesday, March 18th will be paid a dividend of 0.10 per share by the construction company on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 18th.

AAON has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. AAON has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect AAON to earn $2.93 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 13.7%.

AAON Stock Performance

Shares of AAON opened at $88.33 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.03 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 67.95, a PEG ratio of 2.61 and a beta of 1.09. The stock has a 50 day moving average of $92.47 and a 200 day moving average of $91.04. AAON has a 12 month low of $62.00 and a 12 month high of $116.04.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million for the quarter, compared to the consensus estimate of $374.10 million. During the same quarter last year, the business posted $0.30 earnings per share. The business’s revenue was up 42.5% compared to the same quarter last year. As a group, sell-side analysts forecast that AAON will post 2.26 earnings per share for the current year.

Insider Activity at AAON

In related news, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the transaction, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 18.70% of the stock is owned by insiders.

Institutional Trading of AAON

A number of hedge funds and other institutional investors have recently made changes to their positions in AAON. Tulsa Wealth Advisors INC bought a new position in AAON in the 4th quarter worth about $645,000. MidFirst Bank purchased a new position in AAON during the 4th quarter valued at about $427,000. Pacer Advisors Inc. increased its position in shares of AAON by 65.9% during the fourth quarter. Pacer Advisors Inc. now owns 22,286 shares of the construction company’s stock valued at $1,699,000 after buying an additional 8,854 shares during the period. Corient Private Wealth LLC bought a new stake in shares of AAON during the fourth quarter valued at about $488,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of AAON by 3.8% in the fourth quarter. NewEdge Advisors LLC now owns 16,555 shares of the construction company’s stock worth $1,262,000 after buying an additional 609 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

About AAON

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.