AAON (NASDAQ:AAON) Reaches New 1-Year High at $96.61

AAON, Inc. (NASDAQ:AAON) shares reached a new 52-week high during trading on Monday . The stock traded as high as $96.61 and last traded at $95.75, with a volume of 196383 shares changing hands. The stock had previously closed at $94.12.

Analyst Ratings Changes

AAON has been the topic of a number of research analyst reports. Baird R W upgraded AAON to a “hold” rating in a research report on Wednesday, July 24th. DA Davidson reiterated a “buy” rating and set a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Robert W. Baird raised their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $102.00.

AAON Stock Up 0.8 %

The company has a market cap of $7.97 billion, a PE ratio of 45.08 and a beta of 0.80. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $89.87 and its 200 day moving average is $84.95.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. AAON’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, analysts predict that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. AAON’s dividend payout ratio is presently 14.88%.

Insider Buying and Selling

In other news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the sale, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the completion of the sale, the vice president now owns 15,670 shares of the company’s stock, valued at approximately $1,412,337.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock worth $5,441,927 in the last three months. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

Large investors have recently bought and sold shares of the stock. TFO Wealth Partners LLC acquired a new stake in shares of AAON during the fourth quarter worth $27,000. ORG Partners LLC acquired a new stake in AAON during the 2nd quarter worth about $29,000. Crewe Advisors LLC purchased a new stake in AAON during the 2nd quarter valued at about $35,000. Signaturefd LLC increased its holdings in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.