AAON, Inc. (NASDAQ:AAON) Short Interest Update

AAON, Inc. (NASDAQ:AAON - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,420,000 shares, a decrease of 8.3% from the March 15th total of 2,640,000 shares. Based on an average daily trading volume, of 416,900 shares, the short-interest ratio is currently 5.8 days.

AAON Stock Down 1.0 %

AAON stock traded down $0.87 during midday trading on Monday, reaching $87.14. The company's stock had a trading volume of 470,476 shares, compared to its average volume of 418,646. The business has a 50-day simple moving average of $84.05 and a 200-day simple moving average of $71.45. 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 company has a market cap of $7.15 billion, a P/E ratio of 40.85 and a beta of 0.91. AAON has a fifty-two week low of $52.24 and a fifty-two week high of $93.30.

AAON (NASDAQ:AAON - Get Free Report) last issued 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. AAON had a return on equity of 27.20% and a net margin of 15.20%. The firm had revenue of $306.60 million for the quarter, compared to analysts' expectations of $294.35 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts expect that AAON will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

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 of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.37%. AAON's dividend payout ratio is currently 15.00%.

Insider Activity

In related news, VP Stephen E. Wakefield sold 24,655 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value of $1,993,603.30. Following the transaction, the vice president now directly owns 15,992 shares in the company, valued at $1,293,113.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total value of $1,993,603.30. Following the transaction, the vice president now owns 15,992 shares of the company's stock, valued at $1,293,113.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman H. Asbjornson sold 805 shares of AAON 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 sale, the director now 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 a total of 44,596 shares of company stock valued at $3,613,768 in the last 90 days. Company insiders own 19.16% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AAON. Acadian Asset Management LLC acquired a new stake in AAON in the 1st quarter valued at about $26,000. IFP Advisors Inc purchased a new position in shares of AAON during the 2nd quarter worth approximately $26,000. TFO Wealth Partners LLC acquired a new position in shares of AAON during the 4th quarter worth approximately $27,000. Operose Advisors LLC purchased a new stake in AAON in the 3rd quarter valued at approximately $31,000. Finally, CI Investments Inc. grew its holdings in AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company's stock valued at $35,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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.