Gary Fields Sells 31,271 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 31,271 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the completion of the transaction, the director directly owned 34,252 shares in the company, valued at $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

AAON Price Performance

Shares of NASDAQ:AAON opened at $140.00 on Friday. The company’s 50-day moving average is $94.06 and its 200 day moving average is $92.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market capitalization of $11.47 billion, a P/E ratio of 97.90, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s payout ratio is 27.97%.

Institutional Investors Weigh In On AAON

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new stake in AAON in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the period. Jones Financial Companies Lllp increased its position in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares during the period. Danske Bank A S bought a new stake in shares of AAON during the third quarter valued at about $47,000. Finally, Huntington National Bank increased its position in shares of AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after buying an additional 121 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AAON shares. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, DA Davidson restated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.