AAON, Inc. (NASDAQ:AAON) VP Sells $109,400.00 in Stock

AAON, Inc. (NASDAQ:AAONGet Rating) VP Rony D. Gadiwalla sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $54.70, for a total transaction of $109,400.00. Following the transaction, the vice president now owns 27,144 shares in the company, valued at approximately $1,484,776.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ AAON opened at $50.20 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $53.39 and a 200 day simple moving average of $64.91. AAON, Inc. has a 12 month low of $47.50 and a 12 month high of $83.79. The firm has a market capitalization of $2.64 billion, a P/E ratio of 45.23 and a beta of 0.73.

AAON (NASDAQ:AAONGet Rating) last posted its earnings results on Thursday, May 5th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. AAON had a net margin of 10.05% and a return on equity of 15.31%. The firm had revenue of $182.77 million during the quarter, compared to analyst estimates of $158.47 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 57.8% compared to the same quarter last year. As a group, sell-side analysts predict that AAON, Inc. will post 1.68 EPS for the current fiscal year.

AAON has been the topic of a number of research reports. DA Davidson raised AAON from a “neutral” rating to a “buy” rating in a research note on Friday, May 6th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, March 29th. Zacks Investment Research upgraded shares of AAON from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Finally, TheStreet lowered shares of AAON from a “b” rating to a “c+” rating in a report on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $67.33.

A number of large investors have recently bought and sold shares of the business. BOKF NA purchased a new position in shares of AAON in the 3rd quarter worth approximately $32,481,000. ProShare Advisors LLC lifted its holdings in AAON by 62.4% during the fourth quarter. ProShare Advisors LLC now owns 10,461 shares of the construction company’s stock worth $831,000 after acquiring an additional 4,018 shares during the period. Los Angeles Capital Management LLC boosted its position in AAON by 190.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 36,113 shares of the construction company’s stock worth $2,868,000 after purchasing an additional 23,673 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in AAON in the 3rd quarter valued at $542,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of AAON by 27.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 17,360 shares of the construction company’s stock valued at $1,134,000 after purchasing an additional 3,742 shares during the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s stock.

About AAON (Get Rating)

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.

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