AAON (NASDAQ:AAON) Stock Price Down 6.4% Following Insider Selling

AAON, Inc. (NASDAQ:AAON)’s share price traded down 6.4% on Monday after an insider sold shares in the company. The company traded as low as $92.95 and last traded at $93.17. 816,841 shares changed hands during trading, a decline of 10% from the average session volume of 906,190 shares. The stock had previously closed at $99.59.

Specifically, CAO Rebecca Thompson sold 21,914 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. The trade was a 44.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca Thompson sold 7,292 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $100.10, for a total transaction of $729,929.20. Following the sale, the chief accounting officer owned 27,681 shares in the company, valued at $2,770,868.10. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other AAON news, CAO Rebecca Thompson sold 2,287 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $100.11, for a total transaction of $228,951.57. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,771,144.91. The trade was a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

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

AAON Price Performance

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 company has a market cap of $7.48 billion, a price-to-earnings ratio of 70.49, a price-to-earnings-growth ratio of 3.11 and a beta of 1.20. The company has a fifty day simple moving average of $90.66 and a two-hundred day simple moving average of $90.96.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). The firm had revenue of $424.22 million during the quarter, compared to analyst estimates of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. On average, equities research analysts anticipate that AAON, Inc. will post 2 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s dividend payout ratio is 30.77%.

Institutional Trading of AAON

Several large investors have recently bought and sold shares of AAON. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON during the third quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 164 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after acquiring an additional 141 shares during the last quarter. Danske Bank A S acquired a new stake in shares of AAON during the third quarter valued at $47,000. Finally, Huntington National Bank boosted its stake in shares of AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.