Short Interest in AAON, Inc. (NASDAQ:AAON) Grows By 8.0%

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AAON, Inc. (NASDAQ:AAON) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 4,990,000 shares, an increase of 8.0% from the September 30th total of 4,620,000 shares. Based on an average daily trading volume, of 143,800 shares, the days-to-cover ratio is currently 34.7 days. Currently, 12.3% of the shares of the stock are short sold.

NASDAQ AAON opened at $50.34 on Friday. The company has a market capitalization of $2.62 billion, a P/E ratio of 62.15 and a beta of 0.95. AAON has a one year low of $32.33 and a one year high of $53.27. The stock has a 50 day moving average price of $47.57 and a 200-day moving average price of $48.11.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, October 31st. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $113.50 million for the quarter, compared to the consensus estimate of $126.84 million. AAON had a net margin of 10.94% and a return on equity of 19.11%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, equities analysts expect that AAON will post 0.99 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. AAON’s dividend payout ratio is currently 39.51%.

In other AAON news, CFO Scott M. Asbjornson sold 21,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $49.90, for a total transaction of $1,047,900.00. Following the completion of the sale, the chief financial officer now directly owns 869,267 shares of the company’s stock, valued at approximately $43,376,423.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Rony D. Gadiwalla sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $50.38, for a total transaction of $201,520.00. Following the sale, the vice president now directly owns 31,934 shares of the company’s stock, valued at $1,608,834.92. The disclosure for this sale can be found here. Company insiders own 22.24% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Squar Milner Financial Services LLC boosted its position in shares of AAON by 931.3% during the 3rd quarter. Squar Milner Financial Services LLC now owns 825 shares of the construction company’s stock valued at $37,000 after acquiring an additional 745 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of AAON during the 3rd quarter valued at approximately $52,000. Nisa Investment Advisors LLC boosted its position in shares of AAON by 10.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,300 shares of the construction company’s stock valued at $152,000 after acquiring an additional 300 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of AAON during the 2nd quarter valued at approximately $201,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of AAON during the 2nd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 72.79% of the company’s stock.

A number of brokerages have issued reports on AAON. ValuEngine raised shares of AAON from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. BidaskClub raised shares of AAON from a “hold” rating to a “buy” rating in a report on Saturday, October 19th. Finally, Zacks Investment Research lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.50.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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