AAON, Inc. (NASDAQ:AAON) Short Interest Down 8.3% in March

AAON, Inc. (NASDAQ:AAON) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,420,000 shares, a decline of 8.3% from the March 15th total of 2,640,000 shares. Based on an average trading volume of 416,900 shares, the days-to-cover ratio is currently 5.8 days.

Insider Activity at AAON

In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the transaction, the vice president now directly owns 15,992 shares in the company, valued at $1,293,113.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders have sold a total of 44,596 shares of company stock valued at $3,613,768 over the last quarter. 19.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in AAON during the 1st quarter worth about $26,000. IFP Advisors Inc acquired a new position in AAON during the 2nd quarter worth about $26,000. TFO Wealth Partners LLC acquired a new position in AAON during the 4th quarter worth about $27,000. GAMMA Investing LLC acquired a new position in AAON during the 4th quarter worth about $36,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in AAON during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 1.0 %

Shares of NASDAQ:AAON opened at $87.14 on Tuesday. AAON has a 52 week low of $52.24 and a 52 week high of $93.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23. The company’s fifty day moving average is $84.05 and its 200-day moving average is $71.45. The company has a market capitalization of $7.15 billion, a PE ratio of 40.85 and a beta of 0.91.

AAON (NASDAQ:AAON) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company had revenue of $306.60 million for the quarter, compared to the consensus estimate of $294.35 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts predict that AAON will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. AAON’s dividend payout ratio is presently 15.00%.

About AAON

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.