Stephen Wakefield Purchases 1,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) EVP Stephen Wakefield bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $82.25 per share, with a total value of $82,250.00. Following the completion of the transaction, the executive vice president directly owned 11,730 shares of the company’s stock, valued at $964,792.50. This trade represents a 9.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AAON Price Performance

Shares of AAON opened at $78.07 on Wednesday. The business’s 50-day moving average is $94.97 and its two-hundred day moving average is $86.77. The company has a market capitalization of $6.37 billion, a P/E ratio of 64.52 and a beta of 1.06. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $137.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $322.05 million during the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. Research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s dividend payout ratio (DPR) is presently 33.06%.

Institutional Investors Weigh In On AAON

A number of institutional investors have recently added to or reduced their stakes in the stock. Lindenwold Advisors INC acquired a new position in AAON during the third quarter worth $220,000. Value Aligned Research Advisors LLC increased its stake in shares of AAON by 57.8% during the third quarter. Value Aligned Research Advisors LLC now owns 527,874 shares of the construction company’s stock worth $49,325,000 after purchasing an additional 193,376 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of AAON during the 3rd quarter worth about $300,000. CIBC Bancorp USA Inc. acquired a new position in shares of AAON during the 3rd quarter worth about $2,723,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in AAON by 21.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the construction company’s stock valued at $262,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of several analyst reports. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $115.00 target price on shares of AAON in a research note on Friday, November 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.