Insider Buying: AAON (NASDAQ:AAON) EVP Acquires $34,923.94 in Stock

AAON, Inc. (NASDAQ:AAON) EVP Matthew Shaub acquired 457 shares of the stock in a transaction on Friday, August 28th. The stock was bought at an average price of $76.42 per share, with a total value of $34,923.94. Following the completion of the acquisition, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This trade represents a 17.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

AAON Stock Up 0.5%

Shares of AAON stock traded up $0.35 during midday trading on Monday, reaching $76.22. 307,918 shares of the stock were exchanged, compared to its average volume of 1,049,455. AAON, Inc. has a 1 year low of $73.19 and a 1 year high of $150.46. The company’s 50 day moving average is $100.77 and its two-hundred day moving average is $104.71. 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 firm has a market cap of $6.28 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

AAON (NASDAQ:AAON) last released its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $508.82 million. During the same quarter last year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 101.2% compared to the same quarter last year. On average, equities research analysts predict that AAON, Inc. will post 2.3 EPS for the current year.

AAON Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on AAON shares. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Robert W. Baird cut their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Finally, Oppenheimer cut their price target on AAON from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.67.

Institutional Trading of AAON

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake 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 worth $25,000 after buying an additional 164 shares in the last quarter. Danske Bank A S bought a new stake in shares of AAON during the third quarter valued at approximately $47,000. Summit Securities Group LLC purchased a new position in AAON in the 4th quarter worth approximately $45,000. Huntington National Bank raised its holdings in AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares during the last quarter. Finally, NI Acquisitions Company LLC bought a new position in AAON in the 2nd quarter valued at approximately $102,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.