AAON (NASDAQ:AAON) Insider Sells $470,250.00 in Stock

AAON, Inc. (NASDAQ:AAON) insider Casey Kidwell sold 5,225 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the transaction, the insider directly owned 12,662 shares in the company, valued at approximately $1,139,580. This represents a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AAON Stock Performance

Shares of AAON traded down $2.34 during mid-day trading on Monday, hitting $81.56. The stock had a trading volume of 821,228 shares, compared to its average volume of 959,690. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.65 billion, a PE ratio of 62.74, a PEG ratio of 2.60 and a beta of 1.09. The company’s fifty day simple moving average is $93.62 and its two-hundred day simple moving average is $91.34.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The firm had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. During the same period in the prior year, the company posted $0.30 earnings per share. The business’s revenue was up 42.5% on a year-over-year basis. On average, equities analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 18th. AAON’s dividend payout ratio is 30.77%.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently modified their holdings of AAON. Millennium Management LLC increased its holdings in shares of AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after acquiring an additional 65,813 shares during the period. NewEdge Advisors LLC boosted its stake in AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. grew its position in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after purchasing an additional 12,489 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of AAON by 15.8% in the second quarter. Bank of Montreal Can now owns 10,896 shares of the construction company’s stock valued at $804,000 after purchasing an additional 1,483 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

AAON has been the subject of several research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 price target (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. DA Davidson restated a “buy” rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.75.

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.