AAON (NASDAQ:AAON) Director Acquires $74,660.00 in Stock

AAON, Inc. (NASDAQ:AAON) Director David Stewart purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the purchase, the director directly owned 4,000 shares of the company’s stock, valued at $298,640. This represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

AAON Trading Up 0.4%

Shares of NASDAQ AAON opened at $76.76 on Friday. AAON, Inc. has a twelve month low of $73.19 and a twelve month high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $88.00 and a 200-day simple moving average of $102.15. The stock has a market capitalization of $6.33 billion, a PE ratio of 39.98, a PEG ratio of 1.44 and a beta of 1.41.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.18. The firm had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%.AAON’s revenue was up 101.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities analysts forecast that AAON, Inc. will post 2.31 earnings per share for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.10 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s payout ratio is 20.83%.

Institutional Trading of AAON

Institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its stake in AAON by 9.6% in the fourth quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock valued at $35,647,000 after purchasing an additional 40,892 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of AAON during the 1st quarter worth approximately $1,312,000. Wasatch Advisors LP grew its position in shares of AAON by 3.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after buying an additional 70,399 shares during the last quarter. California State Teachers Retirement System grew its position in shares of AAON by 22.7% in the 1st quarter. California State Teachers Retirement System now owns 80,436 shares of the construction company’s stock valued at $6,656,000 after buying an additional 14,878 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its stake in AAON by 18.9% during the 4th quarter. Next Century Growth Investors LLC now owns 139,381 shares of the construction company’s stock worth $10,628,000 after acquiring an additional 22,148 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Robert W. Baird decreased their target price on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Oppenheimer lowered their target price on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, DA Davidson restated a “buy” rating and set a $110.00 price target on shares of AAON in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $123.33.

About AAON

AAON, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial applications. The company designs and produces systems intended to support climate control, indoor air quality and energy efficiency in a range of buildings and facilities.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers and related HVAC controls and equipment. AAON sells its products through manufacturer representatives and distributors, serving customers primarily in North America.

Founded in 1988 by Norman Asbjornson and headquartered in Tulsa, Oklahoma, AAON operates manufacturing facilities in the United States.