AAON, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:AAON)

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.10 per share by the construction company on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th.

AAON has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. AAON has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AAON to earn $3.42 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 11.7%.

AAON Stock Performance

Shares of AAON stock traded down $1.55 during trading hours on Monday, reaching $133.94. The company had a trading volume of 936,821 shares, compared to its average volume of 1,021,352. AAON has a one year low of $62.00 and a one year high of $149.00. The firm has a market cap of $10.97 billion, a PE ratio of 93.66, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The business has a fifty day moving average price of $94.85 and a 200-day moving average price of $92.32.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 54.3% compared to the same quarter last year. Sell-side analysts predict that AAON will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In other AAON news, CAO Rebecca Thompson sold 21,914 shares of AAON stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the transaction, the chief accounting officer owned 27,681 shares of the company’s stock, valued at $2,773,913.01. The trade was a 44.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary D. Fields sold 31,271 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the sale, the director directly owned 34,252 shares of the company’s stock, valued at approximately $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,295 shares of company stock worth $13,323,408 over the last ninety days. Company insiders own 18.09% of the company’s stock.

Institutional Investors Weigh In On AAON

Institutional investors have recently added to or reduced their stakes in the stock. Jackson Square Partners LLC grew its holdings in AAON by 195.8% during the 3rd quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after buying an additional 88,516 shares in the last quarter. Moore Capital Management LP bought a new position in shares of AAON during the 3rd quarter valued at approximately $13,959,000. Comerica Bank boosted its position in shares of AAON by 23.7% during the 4th quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock valued at $18,183,000 after acquiring an additional 45,660 shares during the last quarter. First Trust Advisors LP boosted its position in shares of AAON by 136.4% during the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in AAON by 34.7% in the third quarter. WCM Investment Management LLC now owns 281,288 shares of the construction company’s stock worth $25,735,000 after purchasing an additional 72,506 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other 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.