AAON (NASDAQ:AAON) CEO Matthew Joseph Tobolski Sells 8,000 Shares

AAON, Inc. (NASDAQ:AAON) CEO Matthew Joseph Tobolski sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the sale, the chief executive officer directly owned 114,371 shares in the company, valued at $15,482,402.27. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AAON Stock Performance

AAON opened at $140.00 on Friday. The firm has a market capitalization of $11.47 billion, a P/E ratio of 97.90, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. The stock’s 50 day moving average price is $94.06 and its two-hundred day moving average price is $92.11. 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, Inc. has a 12-month low of $62.00 and a 12-month high of $149.00.

AAON (NASDAQ:AAON) last released its earnings results 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. The firm had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company’s revenue was up 54.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. On average, equities analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

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

Institutional Trading of AAON

Several institutional investors have recently modified their holdings of AAON. Wellington Management Group LLP grew its holdings in shares of AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of AAON by 8,956.4% during the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock worth $93,231,000 after purchasing an additional 1,209,205 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after purchasing an additional 1,138,658 shares in the last quarter. First Trust Advisors LP grew its holdings 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 worth $180,675,000 after purchasing an additional 1,115,566 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of AAON during the 3rd quarter worth approximately $67,922,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

AAON has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday, May 8th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $107.75.

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.