AAON (NASDAQ:AAON) Sees Strong Trading Volume

Shares of AAON, Inc. (NASDAQ:AAON) saw an uptick in trading volume on Monday . 542,110 shares were traded during trading, an increase of 19% from the previous session’s volume of 457,063 shares.The stock last traded at $78.59 and had previously closed at $78.40.

Analysts Set New Price Targets

Separately, William Blair started coverage on AAON in a report on Monday, April 29th. They issued an “outperform” rating for the company.

AAON Stock Down 1.9 %

The stock has a fifty day moving average of $85.89 and a 200-day moving average of $74.94. The firm has a market capitalization of $6.33 billion, a P/E ratio of 35.75 and a beta of 0.88.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The business had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, analysts forecast that AAON, Inc. will post 2.27 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. AAON’s payout ratio is 14.91%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 805 shares of AAON 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 sale, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Norman H. Asbjornson sold 805 shares of the business’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 completion of the transaction, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders sold a total of 44,596 shares of company stock worth $3,613,768 over the last three months. 18.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAON

Several institutional investors have recently modified their holdings of the business. TFO Wealth Partners LLC bought a new stake in shares of AAON during the 4th quarter worth approximately $27,000. Operose Advisors LLC bought a new stake in shares of AAON during the 3rd quarter worth approximately $31,000. CI Investments Inc. raised its stake in shares of AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of AAON during the 4th quarter worth approximately $36,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of AAON during the 4th quarter worth approximately $39,000. 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.