AAON (NASDAQ:AAON) Director Buys 1,000 Shares of Stock

AAON, Inc. (NASDAQ:AAON) Director David Stewart purchased 1,000 shares of AAON stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $298,640. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AAON Trading Up 1.7%

Shares of AAON stock traded up $1.24 on Wednesday, reaching $75.56. 1,011,111 shares of the company’s stock were exchanged, compared to its average volume of 1,056,087. The company’s fifty day simple moving average is $90.07 and its 200 day simple moving average is $102.67. AAON, Inc. has a 52 week low of $73.19 and a 52 week high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $6.23 billion, a PE ratio of 39.35, a P/E/G ratio of 1.49 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%.The company had revenue of $626.98 million for the quarter, compared to the consensus estimate of $508.82 million. During the same quarter in the prior year, the company posted $0.22 EPS. AAON’s quarterly revenue was up 101.2% on a year-over-year basis. As a group, analysts forecast that AAON, Inc. will post 2.21 EPS for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid 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 Friday, September 4th. AAON’s payout ratio is currently 20.83%.

Institutional Investors Weigh In On AAON

Large investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in AAON by 0.6% during the second quarter. Tidal Investments LLC now owns 153,244 shares of the construction company’s stock worth $19,441,000 after buying an additional 864 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of AAON in the 2nd quarter worth $1,003,000. NewEdge Advisors LLC grew its stake in AAON by 7.7% during the 2nd quarter. NewEdge Advisors LLC now owns 17,604 shares of the construction company’s stock worth $2,233,000 after buying an additional 1,253 shares during the last quarter. Squarepoint Ops LLC grew its stake in AAON by 868.6% during the 2nd quarter. Squarepoint Ops LLC now owns 107,045 shares of the construction company’s stock worth $13,580,000 after buying an additional 95,994 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in AAON during the 2nd quarter valued at about $2,663,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AAON shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Robert W. Baird dropped their target price on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. KeyCorp restated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. DA Davidson reaffirmed a “buy” rating and set a $110.00 target price on shares of AAON in a research report on Tuesday. Finally, Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $123.33.

AAON Company Profile

AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.

Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.