AAON (NASDAQ:AAON) CAO Sells $2,196,001.94 in Stock

Key Points

• Rebecca Thompson, AAON's chief accounting officer, sold 21,914 shares on April 24 at an average price of $100.21 for a total of $2,196,001.94, cutting her stake by 44.19% to 27,681 shares valued at about $2.77 million.
• AAON reported Q results on March 2 showing an EPS miss ($0.39 vs. $0.45 expected) but revenue rose 42.5% year-over-year to $424.22 million, with a net margin of 7.46% and ROE of 13.13%.
• The stock traded down to $93.15 midday (market cap ~$7.6B) with a P/E of 71.46 and a 52-week range of $62.00–$116.04, while analysts' consensus is a Moderate Buy with an average target of $107.75.

AAON, Inc. (NASDAQ:AAON - Get Free Report) CAO Rebecca Thompson sold 21,914 shares of the business's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the transaction, the chief accounting officer directly owned 27,681 shares of the company's stock, valued at $2,773,913.01. The trade was a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction of $228,951.57.

AAON Stock Performance

AAON stock traded down $6.45 during midday trading on Monday, reaching $93.15. 863,261 shares of the stock traded hands, compared to its average volume of 906,497. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $90.85 and a two-hundred day moving average price of $91.03. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 71.46, a PEG ratio of 3.11 and a beta of 1.20. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). The firm had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The company's revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts forecast that AAON, Inc. will post 2 earnings per share for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 18th. AAON's payout ratio is 30.77%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent analyst reports. Oppenheimer restated an "outperform" rating and set a $118.00 price target (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. William Blair restated an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings restated a "hold (c)" rating on shares of AAON in a research report on Wednesday, January 21st. Finally, DA Davidson restated a "buy" rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AAON. EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock worth $25,000 after acquiring an additional 164 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of AAON in the third quarter worth approximately $26,000. Jones Financial Companies Lllp increased its position in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company's stock worth $34,000 after acquiring an additional 141 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of AAON in the fourth quarter worth approximately $45,000. Finally, Danske Bank A S purchased a new position in shares of AAON in the third quarter worth approximately $47,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.

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