AAON (NASDAQ:AAON) Director Gary Fields Sells 31,271 Shares of Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 31,271 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total value of $4,192,502.97. Following the sale, the director owned 34,252 shares in the company, valued at approximately $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AAON Stock Performance

NASDAQ:AAON opened at $135.37 on Thursday. The stock has a market cap of $11.09 billion, a P/E ratio of 94.66, a price-to-earnings-growth ratio of 3.74 and a beta of 1.24. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $93.16 and its 200-day moving average is $91.87. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $149.00.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. Equities research analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. AAON’s dividend payout ratio is presently 27.97%.

Analyst Ratings Changes

AAON has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. DA Davidson reissued a “buy” rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Finally, William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, AAON currently has an average rating of “Buy” and a consensus price target of $107.75.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently modified their holdings of AAON. Wellington Management Group LLP raised its position in AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after buying an additional 2,099,385 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after acquiring an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of AAON by 23.8% in the 1st quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after acquiring an additional 436,704 shares in the last quarter. First Trust Advisors LP raised its holdings 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 valued at $166,594,000 after purchasing an additional 364,101 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings 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 valued at $135,421,000 after purchasing an additional 84,693 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.