AAON (NASDAQ:AAON) EVP Gordon Douglas Wichman Sells 3,000 Shares

AAON, Inc. (NASDAQ:AAON) EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total transaction of $421,170.00. Following the sale, the executive vice president owned 10,997 shares in the company, valued at $1,543,868.83. This represents a 21.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AAON Stock Performance

AAON traded down $1.38 during trading on Wednesday, reaching $139.74. 629,679 shares of the company’s stock were exchanged, compared to its average volume of 1,019,723. 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. The business has a 50 day moving average price of $101.18 and a 200 day moving average price of $94.12. The company has a market capitalization of $11.45 billion, a P/E ratio of 97.72, a PEG ratio of 3.77 and a beta of 1.24.

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

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s payout ratio is currently 27.97%.

Institutional Investors Weigh In On AAON

Hedge funds have recently modified their holdings of the business. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON during the third quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the period. Jones Financial Companies Lllp raised its position in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the period. Danske Bank A S acquired a new stake in shares of AAON during the third quarter worth about $47,000. Finally, Huntington National Bank raised its position in AAON by 27.0% in the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAON shares. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson reaffirmed a “buy” rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “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.