Casey Kidwell Sells 5,225 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) insider Casey Kidwell sold 5,225 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider owned 12,662 shares of the company’s stock, valued at $1,139,580. This trade represents a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

AAON Stock Down 2.5%

AAON opened at $79.50 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 61.15, a PEG ratio of 2.52 and a beta of 1.09. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company’s 50-day moving average price is $93.58 and its two-hundred day moving average price is $91.29.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $424.22 million for the quarter, compared to analysts’ expectations of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The company’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 18th. AAON’s dividend payout ratio (DPR) is currently 30.77%.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its stake in AAON by 24.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 326,463 shares of the construction company’s stock valued at $24,893,000 after buying an additional 64,314 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of AAON in the 4th quarter valued at about $488,000. Tulsa Wealth Advisors INC purchased a new stake in shares of AAON in the 4th quarter valued at about $645,000. MidFirst Bank bought a new stake in shares of AAON during the 4th quarter valued at about $427,000. Finally, Pacer Advisors Inc. boosted its position in shares of AAON by 65.9% during the 4th quarter. Pacer Advisors Inc. now owns 22,286 shares of the construction company’s stock valued at $1,699,000 after acquiring an additional 8,854 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer restated an “outperform” rating and set a $118.00 price target (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.