AAON (NASDAQ:AAON) Shares Down 5.6%

Shares of AAON, Inc. (NASDAQ:AAON) traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as $87.64 and last traded at $87.64. 606,637 shares traded hands during trading, an increase of 47% from the average session volume of 412,137 shares. The stock had previously closed at $92.88.

AAON Price Performance

The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $83.15 and a 200-day moving average of $70.70. The firm has a market capitalization of $7.17 billion, a P/E ratio of 41.18 and a beta of 0.91.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $306.60 million during the quarter, compared to the consensus estimate of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, sell-side analysts predict that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. AAON’s dividend payout ratio (DPR) is presently 15.00%.

Insider Activity at AAON

In other AAON news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AAON news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the transaction, the vice president now owns 15,992 shares of the company’s stock, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock worth $3,613,768 over the last ninety days. Insiders own 19.16% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in AAON during the 1st quarter valued at approximately $26,000. IFP Advisors Inc purchased a new stake in AAON in the second quarter worth about $26,000. TFO Wealth Partners LLC bought a new position in shares of AAON during the fourth quarter valued at approximately $27,000. Operose Advisors LLC purchased a new position in shares of AAON during the third quarter valued at approximately $31,000. Finally, CI Investments Inc. boosted its position in shares of AAON by 50.9% in the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.