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

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 21,914 shares of AAON stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the completion of the transaction, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. This trade represents a 44.19% 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.

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

• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The shares were 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 shares were sold at an average price of $100.11, for a total transaction of $228,951.57.

AAON Stock Down 6.5%

AAON traded down $6.45 on Monday, reaching $93.15. 863,261 shares of the company traded hands, compared to its average volume of 906,497. The stock’s 50 day moving average price is $90.85 and its 200-day moving average price is $91.03. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $116.04. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 71.46, a PEG ratio of 3.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $424.22 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, sell-side analysts expect that AAON, Inc. will post 2 EPS for the current fiscal year.

AAON Announces Dividend

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

Institutional Trading of AAON

Several large investors have recently modified their holdings of the company. CHICAGO TRUST Co NA raised its stake in AAON by 8.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 8,995 shares of the construction company’s stock valued at $744,000 after purchasing an additional 737 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in AAON by 20.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,779 shares of the construction company’s stock valued at $1,388,000 after purchasing an additional 2,903 shares during the period. Wasatch Advisors LP boosted its holdings in AAON by 23.8% in the 1st quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock valued at $187,687,000 after purchasing an additional 436,704 shares during the period. Louisiana State Employees Retirement System bought a new stake in AAON in the 1st quarter valued at $1,622,000. Finally, Kestra Private Wealth Services LLC boosted its holdings in AAON by 3.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 6,516 shares of the construction company’s stock valued at $539,000 after purchasing an additional 236 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

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