AAON (NASDAQ:AAON) CAO Sells $729,929.20 in Stock

Key Points

• Rebecca Thompson, AAON's Chief Accounting Officer, sold 7,292 shares on April 23 at an average price of $100.10, generating proceeds of $729,929.20.
• After the sale Thompson holds 27,681 shares, a 20.85% reduction in her ownership, valued at about $2.77 million.
• AAON recently reported quarterly revenue of $424.22 million (up 42.5% YoY) but missed EPS expectations ($0.39 vs. $0.45), and the stock trades near $99.64 with a market cap of about $8.13 billion and a P/E of 76.67.

AAON, Inc. (NASDAQ:AAON - Get Free Report) CAO Rebecca Thompson sold 7,292 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $100.10, for a total transaction of $729,929.20. Following the transaction, the chief accounting officer owned 27,681 shares of the company's stock, valued at approximately $2,770,868.10. This represents a 20.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Price Performance

AAON traded up $0.93 during trading on Friday, hitting $99.64. 311,024 shares of the stock traded hands, compared to its average volume of 899,494. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 76.67, a PEG ratio of 3.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84. The business has a 50 day moving average price of $90.88 and a 200 day moving average price of $91.22.

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

AAON Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently bought and sold shares of AAON. Wellington Management Group LLP increased its holdings in AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company's stock valued at $442,896,000 after purchasing an additional 3,966,088 shares during the period. Franklin Resources Inc. increased its holdings in AAON by 8,956.4% in the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company's stock valued at $93,231,000 after purchasing an additional 1,209,205 shares during the period. Champlain Investment Partners LLC increased its holdings in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company's stock valued at $216,811,000 after purchasing an additional 1,138,658 shares during the period. First Trust Advisors LP increased its holdings in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company's stock valued at $180,675,000 after purchasing an additional 1,115,566 shares during the period. Finally, Copeland Capital Management LLC acquired a new stake in AAON in the third quarter valued at $68,036,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Company Profile

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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