Insider Selling: AAON (NASDAQ:AAON) CAO Sells 4,230 Shares of Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 4,230 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total value of $606,666.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 7th, Rebecca Thompson sold 9,672 shares of AAON stock. The shares were sold at an average price of $136.59, for a total value of $1,321,098.48.
• On Monday, April 27th, Rebecca Thompson sold 400 shares of AAON stock. The shares were sold at an average price of $100.27, for a total value of $40,108.00.
• On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94.
• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The shares were sold at an average price of $100.10, for a total value of $729,929.20.
• On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The shares were sold at an average price of $100.11, for a total value of $228,951.57.

AAON Trading Down 4.7%

AAON stock traded down $6.70 during midday trading on Friday, reaching $136.95. 254,241 shares of the company traded hands, compared to its average volume of 1,020,256. AAON, Inc. has a 52-week low of $62.00 and a 52-week 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 business has a 50 day moving average of $109.82 and a 200-day moving average of $96.16. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 95.66, a P/E/G ratio of 4.15 and a beta of 1.39.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Oppenheimer restated an “outperform” rating on shares of AAON in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, AAON presently has an average rating of “Buy” and an average target price of $107.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after acquiring an additional 65,813 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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. lifted its holdings in shares of 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 lifted its holdings in shares of 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 lifted its holdings in shares of 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. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

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.