AAON, Inc. (NASDAQ:AAON) VP Rony D. Gadiwalla Sells 2,000 Shares

AAON, Inc. (NASDAQ:AAONGet Rating) VP Rony D. Gadiwalla sold 2,000 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $53.20, for a total transaction of $106,400.00. Following the transaction, the vice president now directly owns 27,144 shares in the company, valued at $1,444,060.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AAON stock traded down $0.46 during midday trading on Tuesday, hitting $52.65. 7,945 shares of the stock were exchanged, compared to its average volume of 249,844. AAON, Inc. has a fifty-two week low of $47.50 and a fifty-two week high of $83.79. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 47.09 and a beta of 0.73. The stock’s 50-day simple moving average is $52.48 and its 200 day simple moving average is $62.83. The company has a current ratio of 2.48, a quick ratio of 1.20 and a debt-to-equity ratio of 0.14.

AAON (NASDAQ:AAONGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The construction company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. AAON had a net margin of 10.05% and a return on equity of 14.74%. The business had revenue of $182.77 million during the quarter, compared to analysts’ expectations of $158.47 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 57.8% on a year-over-year basis. Equities analysts anticipate that AAON, Inc. will post 1.79 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 3rd will be given a dividend of $0.19 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, June 2nd. AAON’s dividend payout ratio is presently 34.23%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in shares of AAON during the first quarter valued at about $456,000. BNP Paribas Arbitrage SA lifted its stake in AAON by 8.5% in the first quarter. BNP Paribas Arbitrage SA now owns 44,238 shares of the construction company’s stock worth $2,465,000 after acquiring an additional 3,458 shares during the last quarter. Eaton Vance Management lifted its stake in AAON by 81.5% in the first quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock worth $42,749,000 after acquiring an additional 344,398 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in AAON by 46.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,584 shares of the construction company’s stock worth $33,303,000 after acquiring an additional 188,771 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in AAON by 46.3% in the first quarter. Captrust Financial Advisors now owns 3,009 shares of the construction company’s stock worth $168,000 after acquiring an additional 952 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of AAON from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday, May 10th. Sidoti upgraded shares of AAON from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, March 29th. TheStreet cut shares of AAON from a “b” rating to a “c+” rating in a research report on Tuesday, March 1st. DA Davidson upgraded shares of AAON from a “neutral” rating to a “buy” rating in a research report on Friday, May 6th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $67.33.

AAON Company Profile (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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