AAON (NASDAQ:AAON) Reaches New 1-Year High at $95.30

AAON, Inc. (NASDAQ:AAON - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $95.30 and last traded at $94.74, with a volume of 50141 shares trading hands. The stock had previously closed at $91.15.

Analyst Ratings Changes

Separately, William Blair began coverage on shares of AAON in a research note on Monday. They issued an "outperform" rating for the company.

AAON Stock Up 3.0 %

The business's fifty day moving average price is $85.47 and its 200 day moving average price is $73.40. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $7.71 billion, a PE ratio of 43.89 and a beta of 0.91.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. AAON had a net margin of 15.20% and a return on equity of 27.20%. The business had revenue of $306.60 million during the quarter, compared to analysts' expectations of $294.35 million. During the same period in the prior year, the company earned $0.47 earnings per share. The business's revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts forecast that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.34%. AAON's dividend payout ratio is currently 15.00%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares of the company's stock, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders sold 44,596 shares of company stock valued at $3,613,768 over the last ninety days. Corporate insiders own 18.55% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio increased its holdings in AAON by 2.3% in the fourth quarter. Strs Ohio now owns 6,600 shares of the construction company's stock valued at $487,000 after buying an additional 150 shares in the last quarter. GAMMA Investing LLC increased its holdings in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company's stock valued at $61,000 after buying an additional 181 shares in the last quarter. CI Investments Inc. grew its position in shares of AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of AAON by 53.4% in the third quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company's stock valued at $40,000 after purchasing an additional 244 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of AAON by 3.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,963 shares of the construction company's stock valued at $514,000 after purchasing an additional 257 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Company Profile

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.