AAON, Inc. (AAON) to Distribute Quarterly Dividend of $0.10 on September 25th

AAON, Inc. (NASDAQ:AAON) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Friday, September 4th will be paid a dividend of 0.10 per share by the construction company on Friday, September 25th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th.

AAON has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. AAON has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AAON to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.6%.

AAON Stock Down 0.8%

Shares of AAON stock opened at $75.35 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.21 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.44 and a beta of 1.42. The stock has a 50 day moving average of $98.49 and a 200 day moving average of $104.35. AAON has a twelve month low of $73.19 and a twelve month high of $150.46.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.18. The firm had revenue of $626.98 million during the quarter, compared to analysts’ expectations of $508.82 million. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business’s revenue was up 101.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. As a group, sell-side analysts expect that AAON will post 2.3 EPS for the current year.

Insider Activity

In other news, EVP Matthew Shaub bought 457 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the transaction, the executive vice president owned 3,136 shares of the company’s stock, valued at approximately $239,653.12. This trade represents a 17.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.09% of the company’s stock.

Institutional Investors Weigh In On AAON

Large investors have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in AAON by 12,636.0% in the second quarter. California State Teachers Retirement System now owns 10,244,326 shares of the construction company’s stock valued at $1,299,595,000 after purchasing an additional 10,163,890 shares during the period. Wellington Management Group LLP lifted its holdings in shares of AAON by 44.3% in the fourth quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after purchasing an additional 2,099,385 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of AAON by 3.1% in the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after acquiring an additional 70,399 shares in the last quarter. First Trust Advisors LP grew its stake in AAON by 22.1% in the 1st quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock worth $166,594,000 after acquiring an additional 364,101 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of AAON by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock valued at $105,343,000 after acquiring an additional 20,588 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.