Gary Fields Sells 19,081 Shares of AAON (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) Director Gary Fields sold 19,081 shares of AAON stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $137.60, for a total transaction of $2,625,545.60. Following the completion of the sale, the director owned 34,252 shares of the company’s stock, valued at $4,713,075.20. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AAON Price Performance

NASDAQ AAON opened at $135.49 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $11.10 billion, a PE ratio of 94.75, a price-to-earnings-growth ratio of 3.92 and a beta of 1.24. The company has a 50 day moving average price of $94.85 and a two-hundred day moving average price of $92.41. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $149.00.

AAON (NASDAQ:AAON) last issued its quarterly earnings data 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. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same period in the previous year, the company earned $0.37 earnings per share. AAON’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, equities analysts predict that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on AAON. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One 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.com, the company presently has a consensus rating of “Buy” and a consensus target price of $107.75.

Institutional Investors Weigh In On AAON

Several institutional investors and hedge funds have recently bought and sold shares of AAON. Millennium Management LLC increased its holdings in AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after buying an additional 65,813 shares during the period. NewEdge Advisors LLC increased its holdings in AAON by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after buying an additional 294 shares during the period. Goldman Sachs Group Inc. increased its holdings in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after buying an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after buying an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in AAON by 96.5% in the 2nd 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. Institutional investors own 70.81% of the company’s stock.

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.