AAON (NASDAQ:AAON) Director Gary Fields Sells 19,081 Shares

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,081 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $137.60, for a total value of $2,625,545.60. Following the sale, the director owned 34,252 shares of the company’s stock, valued at approximately $4,713,075.20. The trade was a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AAON Price Performance

AAON stock opened at $140.00 on Friday. The business has a 50 day moving average price of $94.06 and a 200 day moving average price of $92.11. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 97.90, a PEG ratio of 3.79 and a beta of 1.24. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last posted its 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. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 54.3% compared to the same quarter last year. Equities research analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s payout ratio is currently 27.97%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $107.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in shares of AAON by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after purchasing an additional 99 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after purchasing an additional 115 shares during the period. Huntington National Bank increased its holdings in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds 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.