Gary Fields Sells 19,000 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.20, for a total transaction of $2,663,800.00. Following the sale, the director directly owned 15,252 shares in the company, valued at $2,138,330.40. The trade was a 55.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

AAON Stock Performance

Shares of NASDAQ AAON traded down $1.54 during midday trading on Monday, reaching $138.66. 1,133,486 shares of the stock were exchanged, compared to its average volume of 1,024,571. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 96.97, a PEG ratio of 3.92 and a beta of 1.38. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00. The firm has a 50-day simple moving average of $104.83 and a two-hundred day simple moving average of $94.90. 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 (NASDAQ:AAON) last released its quarterly 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 analysts’ expectations of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. As a group, analysts anticipate that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

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

Institutional Investors Weigh In On AAON

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. CBIZ Investment Advisory Services LLC purchased a new stake in shares of AAON during the third quarter worth approximately $26,000. Jones Financial Companies Lllp raised its stake 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 last quarter. Summit Securities Group LLC purchased a new stake in shares of AAON during the fourth quarter worth approximately $45,000. Finally, Danske Bank A S purchased a new stake in shares of AAON during the third quarter worth approximately $47,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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