AAON (NASDAQ:AAON) Trading Down 5.6%

AAON, Inc. (NASDAQ:AAON - Get Free Report)'s share price traded down 5.6% during trading on Tuesday . The stock traded as low as $87.64 and last traded at $87.64. 606,637 shares changed hands during trading, an increase of 47% from the average session volume of 412,137 shares. The stock had previously closed at $92.88.

AAON Stock Performance

The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 41.99 and a beta of 0.91. The firm has a fifty day moving average of $82.79 and a 200 day moving average of $70.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54.

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, topping analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $306.60 million for the quarter, compared to the consensus estimate of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. AAON's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, sell-side analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. AAON's dividend payout ratio is currently 15.00%.

Insiders Place Their Bets

In other AAON news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Norman H. Asbjornson sold 19,136 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were 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 owns 53,093 shares in the company, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,596 shares of company stock worth $3,613,768. 19.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently made changes to their positions in AAON. Group One Trading L.P. purchased a new position in shares of AAON in the first quarter valued at approximately $39,000. Citigroup Inc. increased its holdings in shares of AAON by 7.4% in the first quarter. Citigroup Inc. now owns 39,894 shares of the construction company's stock valued at $2,223,000 after purchasing an additional 2,740 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of AAON by 55.6% in the first quarter. MetLife Investment Management LLC now owns 22,269 shares of the construction company's stock valued at $1,241,000 after purchasing an additional 7,960 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of AAON by 3.2% in the first quarter. Rhumbline Advisers now owns 122,265 shares of the construction company's stock valued at $6,814,000 after purchasing an additional 3,737 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of AAON by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,706 shares of the construction company's stock valued at $1,990,000 after purchasing an additional 4,402 shares during the last quarter. Hedge funds and other institutional investors 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.