AAON, Inc. (NASDAQ:AAON - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $88.99 and last traded at $88.92, with a volume of 140889 shares trading hands. The stock had previously closed at $85.66.
AAON Stock Up 5.0 %
The firm's 50 day moving average price is $81.64 and its two-hundred day moving average price is $69.78. The company has a market cap of $7.34 billion, a P/E ratio of 41.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23.
AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $306.60 million during the quarter, compared to the consensus estimate of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. AAON's revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. Equities research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current fiscal year.
AAON Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, March 15th. AAON's payout ratio is 15.00%.
Insider Activity at AAON
In other news, Director Norman H. Asbjornson sold 805 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the sale, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares of the company's stock, valued at $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,596 shares of company stock worth $3,613,768. Company insiders own 19.16% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in AAON in the first quarter worth about $26,000. IFP Advisors Inc bought a new position in shares of AAON in the second quarter worth about $26,000. TFO Wealth Partners LLC bought a new position in shares of AAON in the fourth quarter worth about $27,000. GAMMA Investing LLC bought a new position in shares of AAON in the fourth quarter worth about $36,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of AAON in the fourth quarter worth about $39,000. 70.81% of the stock is owned by hedge funds and other institutional investors.
About AAON
(
Get Free Report)
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.
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