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. The company markets and sells its products to retail, manufacturing, educational, lodging, supermarket, data centers, medical and pharmaceutical, and other commercial industries. It sells its products through a network of independent manufacturer representative organizations and internal sales force. The company was incorporated in 1987 and is based in Tulsa, Oklahoma.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on AAON. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research note on Friday, May 6th. DA Davidson raised AAON from a "neutral" rating to a "buy" rating in a research note on Friday, May 6th.
AAON Stock Down 1.3 %
AAON Stock traded down $0.82 during mid-day trading on Friday, reaching $61.64. 102,429 shares of the company traded hands, compared to its average volume of 128,416. AAON has a fifty-two week low of $47.50 and a fifty-two week high of $83.79. The firm's 50 day moving average price is $55.08 and its 200 day moving average price is $55.26. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 55.53 and a beta of 0.69. The company has a quick ratio of 1.20, a current ratio of 2.48 and a debt-to-equity ratio of 0.14.
AAON (NASDAQ:AAON - Get Rating) last released its quarterly earnings results on Thursday, May 5th. The construction company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $182.77 million for the quarter, compared to analysts' expectations of $158.47 million. AAON had a net margin of 10.05% and a return on equity of 14.74%. The business's quarterly revenue was up 57.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts predict that AAON will post 1.79 EPS for the current fiscal year.
AAON Announces Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 3rd were issued a dividend of $0.19 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 2nd. AAON's payout ratio is 34.23%.
Insider Buying and Selling
In other AAON news, VP Rony D. Gadiwalla sold 2,000 shares of AAON stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $54.70, for a total value of $109,400.00. Following the sale, the vice president now directly owns 27,144 shares in the company, valued at approximately $1,484,776.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AAON news, VP Rony D. Gadiwalla sold 2,000 shares of the business's stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $54.70, for a total value of $109,400.00. Following the completion of the sale, the vice president now directly owns 27,144 shares of the company's stock, valued at approximately $1,484,776.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Rony D. Gadiwalla sold 4,000 shares of the business's stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $53.80, for a total transaction of $215,200.00. Following the completion of the sale, the vice president now owns 27,144 shares of the company's stock, valued at approximately $1,460,347.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,358 shares of company stock worth $987,027. 19.27% of the stock is owned by insiders.