AAON (NASDAQ:AAON) EVP Purchases $34,923.94 in Stock

AAON, Inc. (NASDAQ:AAON) EVP Matthew Shaub bought 457 shares of the company’s stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the transaction, the executive vice president directly owned 3,136 shares in the company, valued at approximately $239,653.12. This represents a 17.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AAON Trading Down 1.0%

Shares of NASDAQ:AAON opened at $74.62 on Thursday. The company has a market capitalization of $6.15 billion, a PE ratio of 38.86, a P/E/G ratio of 1.43 and a beta of 1.42. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. AAON, Inc. has a 12-month low of $73.19 and a 12-month high of $150.46. The business’s fifty day simple moving average is $97.35 and its 200-day simple moving average is $104.16.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%.The firm had revenue of $626.98 million during the quarter, compared to analysts’ expectations of $508.82 million. During the same period in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 101.2% on a year-over-year basis. As a group, equities research analysts predict that AAON, Inc. will post 2.3 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON’s dividend payout ratio (DPR) is currently 20.83%.

Institutional Trading of AAON

Several large investors have recently bought and sold shares of AAON. California State Teachers Retirement System raised its holdings in shares of 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 worth $1,299,595,000 after buying an additional 10,163,890 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of AAON by 44.3% during 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 buying an additional 2,099,385 shares during the last quarter. Wasatch Advisors LP increased its position in shares of AAON by 3.1% in the 2nd 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 during the period. First Trust Advisors LP raised 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 last quarter. Finally, Geode Capital Management LLC raised its stake in AAON by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock worth $105,343,000 after acquiring an additional 20,588 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent analyst reports. Oppenheimer reduced their price objective on shares of AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Robert W. Baird decreased their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and an average price target of $126.67.

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.