AAON, Inc. (NASDAQ:AAON) Short Interest Update

AAON, Inc. (NASDAQ:AAON) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 4,950,000 shares, an increase of 27.9% from the July 31st total of 3,870,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

AAON has been the topic of several recent research reports. DA Davidson decreased their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Robert W. Baird decreased their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Finally, Sidoti raised AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $102.00.

Insider Transactions at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. The trade was a 69.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at approximately $1,978,271.64. The trade was a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

Hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. boosted its position in AAON by 613.3% during the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after purchasing an additional 276 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares in the last quarter. Versant Capital Management Inc boosted its position in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after purchasing an additional 287 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in AAON during the second quarter valued at about $26,000. Finally, UMB Bank n.a. boosted its position in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock valued at $46,000 after purchasing an additional 264 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Down 3.4%

AAON stock opened at $78.16 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON has a twelve month low of $62.00 and a twelve month high of $144.07. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 53.17 and a beta of 1.00. The firm’s fifty day simple moving average is $80.10 and its two-hundred day simple moving average is $83.81.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same quarter last year, the firm earned $0.62 EPS. The company’s revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that AAON will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio is 27.21%.

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.