Rebecca Thompson Sells 4,230 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 4,230 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, May 7th, Rebecca Thompson sold 9,672 shares of AAON stock. The stock was sold at an average price of $136.59, for a total transaction of $1,321,098.48.
• On Monday, April 27th, Rebecca Thompson sold 400 shares of AAON stock. The stock was sold at an average price of $100.27, for a total transaction of $40,108.00.
• On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94.
• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The stock was 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 stock was sold at an average price of $100.11, for a total transaction of $228,951.57.

AAON Stock Down 7.7%

Shares of AAON opened at $132.62 on Friday. The stock has a market capitalization of $10.86 billion, a PE ratio of 92.74, a P/E/G ratio of 3.71 and a beta of 1.39. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $150.46. 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’s 50-day simple moving average is $110.72 and its 200-day simple moving average is $96.42.

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

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

Institutional Investors Weigh In On AAON

Several large investors have recently modified their holdings of the company. Moore Capital Management LP acquired a new stake in shares of AAON during the third quarter worth $13,959,000. Jackson Square Partners LLC lifted its holdings in AAON by 195.8% in the third quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after acquiring an additional 88,516 shares during the period. Comerica Bank lifted its holdings in AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock valued at $18,183,000 after acquiring an additional 45,660 shares during the period. First Trust Advisors LP lifted its holdings in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after acquiring an additional 1,138,658 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAON has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.