AAON (NASDAQ:AAON) Announces Quarterly Earnings Results

AAON (NASDAQ:AAON) posted its earnings results on Thursday. The construction company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07), Briefing.com reports. The company had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. AAON’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share.

AAON Stock Performance

NASDAQ AAON traded down $12.49 during trading on Friday, hitting $78.40. The company’s stock had a trading volume of 2,034,054 shares, compared to its average volume of 457,750. AAON has a 52 week low of $52.24 and a 52 week high of $96.34. The firm has a market cap of $6.44 billion, a P/E ratio of 36.75 and a beta of 0.88. The firm has a 50 day moving average price of $86.21 and a 200 day moving average price of $74.33. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.41%. AAON’s payout ratio is 15.00%.

Analyst Ratings Changes

Separately, William Blair began coverage on AAON in a report on Monday. They set an “outperform” rating on the stock.

Insider Transactions at AAON

In other AAON news, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the sale, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the sale, the director now owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,596 shares of company stock worth $3,613,768. Insiders own 18.55% of the company’s stock.

About AAON

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.