AAON (NASDAQ:AAON) Director Gary Fields Sells 21,173 Shares of Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 21,173 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.34, for a total value of $2,971,418.82. Following the completion of the transaction, the director owned 34,252 shares of the company’s stock, valued at approximately $4,806,925.68. This represents a 38.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AAON Trading Down 1.1%

Shares of AAON stock opened at $139.54 on Thursday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00. The stock has a market cap of $11.43 billion, a P/E ratio of 97.58, a P/E/G ratio of 3.95 and a beta of 1.24. The business has a fifty day simple moving average of $102.34 and a 200-day simple moving average of $94.40. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 54.3% on a year-over-year basis. On average, analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.10 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. AAON’s dividend payout ratio is currently 27.97%.

Analyst Upgrades and Downgrades

AAON has been the topic of several research reports. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. DA Davidson restated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Finally, William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, AAON presently has an average rating of “Buy” and a consensus target price of $107.75.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently modified their holdings of AAON. Millennium Management LLC raised its position in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after buying an additional 65,813 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after buying an additional 294 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after purchasing an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $18,204,000 after purchasing an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. 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.