AAON, Inc. (NASDAQ:AAON) Director Gordon Douglas Wichman Sells 21,302 Shares

AAON, Inc. (NASDAQ:AAON) Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the transaction, the director now directly owns 8,754 shares in the company, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gordon Douglas Wichman also recently made the following trade(s):

• On Monday, May 19th, Gordon Douglas Wichman sold 3,975 shares of AAON stock. The stock was sold at an average price of $105.75, for a total transaction of $420,356.25.

AAON Price Performance

AAON opened at $99.94 on Friday. The stock has a fifty day moving average price of $87.78 and a 200 day moving average price of $107.52. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 44.03 and a beta of 1.06.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The company had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Friday, June 6th. AAON’s dividend payout ratio (DPR) is presently 21.05%.

AAON declared that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC boosted its holdings in AAON by 9.0% in the first quarter. Belpointe Asset Management LLC now owns 5,790 shares of the construction company’s stock worth $452,000 after purchasing an additional 480 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after buying an additional 12,489 shares during the last quarter. Ascent Group LLC bought a new stake in shares of AAON during the 1st quarter worth about $3,799,000. United Services Automobile Association bought a new stake in shares of AAON during the 1st quarter worth about $348,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of AAON by 20.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after acquiring an additional 73,644 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAON shares. DA Davidson cut their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Wall Street Zen lowered AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. CJS Securities upgraded shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

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.