Stephen Wakefield Buys 4,141 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) EVP Stephen Wakefield purchased 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the transaction, the executive vice president directly owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AAON Trading Up 1.6%

AAON stock opened at $78.07 on Wednesday. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $137.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The stock has a market capitalization of $6.37 billion, a PE ratio of 64.52 and a beta of 1.06. The firm has a 50 day simple moving average of $94.97 and a 200-day simple moving average of $86.77.

AAON (NASDAQ:AAON) last released its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The firm had revenue of $322.05 million during the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. As a group, equities research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s dividend payout ratio is 33.06%.

Institutional Trading of AAON

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of AAON by 30.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC increased its holdings in AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after purchasing an additional 115 shares during the last quarter. Huntington National Bank increased its holdings in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in AAON by 1.3% during the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock worth $949,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $115.00 target price on shares of AAON in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Company Profile

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.