AAON (NASDAQ:AAON) Director David Raymond Stewart Purchases 1,000 Shares

AAON, Inc. (NASDAQ:AAON) Director David Stewart acquired 1,000 shares of AAON stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $74.66 per share, with a total value of $74,660.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at $298,640. This represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

AAON Stock Up 1.7%

AAON stock opened at $75.56 on Thursday. The stock has a market cap of $6.23 billion, a P/E ratio of 39.35, a PEG ratio of 1.46 and a beta of 1.41. AAON, Inc. has a twelve month low of $73.19 and a twelve month high of $150.46. The business’s 50-day moving average price is $89.42 and its 200-day moving average price is $102.51. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm had revenue of $626.98 million for the quarter, compared to the consensus estimate of $508.82 million. During the same period last year, the firm earned $0.22 EPS. The company’s revenue was up 101.2% on a year-over-year basis. On average, equities research analysts forecast that AAON, Inc. will post 2.21 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s dividend payout ratio (DPR) is presently 20.83%.

Hedge Funds Weigh In On AAON

A number of large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of AAON by 48.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after purchasing an additional 178 shares in the last quarter. Huntington National Bank increased its stake in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares during the period. NI Acquisitions Company LLC acquired a new stake in AAON during the 2nd quarter worth about $102,000. Summit Securities Group LLC raised its position in AAON by 73.9% during the first quarter. Summit Securities Group LLC now owns 1,024 shares of the construction company’s stock valued at $85,000 after acquiring an additional 435 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of AAON by 20.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after purchasing an additional 181 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAON. Zacks Research cut AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Robert W. Baird cut their target price on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. DA Davidson restated a “buy” rating and issued a $110.00 price target on shares of AAON in a report on Tuesday. Finally, KeyCorp restated a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.33.

AAON Company Profile

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.