Rebecca Thompson Sells 1,976 Shares of AAON Inc. (AAON) Stock
AAON Inc. (NASDAQ:AAON) insider Rebecca Thompson sold 1,976 shares of AAON stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $33.00, for a total value of $65,208.00. Following the completion of the sale, the insider now owns 18,389 shares in the company, valued at $606,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of AAON Inc. (NASDAQ:AAON) opened at 33.40 on Friday. AAON Inc. has a 52-week low of $19.06 and a 52-week high of $33.55. The firm’s 50-day moving average price is $30.17 and its 200-day moving average price is $28.17. The stock has a market capitalization of $1.76 billion, a P/E ratio of 32.75 and a beta of 0.91.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 3rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. AAON had a return on equity of 28.03% and a net margin of 13.81%. The company had revenue of $104.60 million for the quarter, compared to the consensus estimate of $105.51 million. During the same quarter last year, the business posted $0.25 EPS. AAON’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that AAON Inc. will post $1.02 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.13 per share. This represents a yield of 0.87%. The ex-dividend date is Wednesday, November 30th. This is an increase from AAON’s previous semiannual dividend of $0.11. AAON’s dividend payout ratio (DPR) is currently 22.00%.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded AAON from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, August 8th. Jefferies Group assumed coverage on AAON in a research note on Thursday, October 13th. They issued a “buy” rating and a $30.00 price target on the stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Personal Capital Advisors Corp increased its position in AAON by 10.7% in the second quarter. Personal Capital Advisors Corp now owns 454,253 shares of the company’s stock worth $12,497,000 after buying an additional 43,731 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of AAON by 10.7% in the first quarter. BlackRock Group LTD now owns 43,361 shares of the company’s stock worth $1,215,000 after buying an additional 4,183 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of AAON during the second quarter worth $1,726,000. BNP Paribas Arbitrage SA boosted its stake in shares of AAON by 102.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,709 shares of the company’s stock worth $350,000 after buying an additional 6,435 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of AAON by 11.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 372,578 shares of the company’s stock worth $10,250,000 after buying an additional 38,052 shares during the last quarter. 59.27% of the stock is currently owned by institutional investors.
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
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