AAON (NASDAQ:AAON) CAO Rebecca Thompson Sells 21,914 Shares of Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 21,914 shares of AAON stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the completion of the sale, the chief accounting officer owned 27,681 shares in the company, valued at approximately $2,773,913.01. This trade represents a 44.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rebecca Thompson also recently made the following trade(s):

• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The stock was sold at an average price of $100.10, for a total transaction of $729,929.20.
• On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The stock was sold at an average price of $100.11, for a total transaction of $228,951.57.

AAON Stock Performance

AAON opened at $91.64 on Tuesday. The firm has a market capitalization of $7.48 billion, a PE ratio of 70.49, a PEG ratio of 3.11 and a beta of 1.20. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The firm’s 50-day moving average price is $90.66 and its 200 day moving average price is $90.96. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is presently 30.77%.

Hedge Funds Weigh In On AAON

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares during the period. Franklin Resources Inc. raised its holdings in shares of AAON by 8,956.4% in the 4th quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock valued at $93,231,000 after buying an additional 1,209,205 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after buying an additional 1,138,658 shares during the period. First Trust Advisors LP lifted its stake in AAON by 136.4% during the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after acquiring an additional 1,115,566 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in AAON during the 3rd quarter worth about $68,036,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About AAON

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.