AAON, Inc. (AAON) President Gary D. Fields Sells 1,600 Shares of Stock

AAON, Inc. (NASDAQ:AAON) President Gary D. Fields sold 1,600 shares of AAON stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $44.22, for a total value of $70,752.00. Following the transaction, the president now directly owns 23,743 shares in the company, valued at $1,049,915.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:AAON traded down $0.57 during midday trading on Friday, reaching $43.26. The company’s stock had a trading volume of 249,359 shares, compared to its average volume of 229,071. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 3.56 and a beta of 0.96. AAON, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $44.90.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 1st. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $112.93 million during the quarter, compared to analyst estimates of $130.58 million. AAON had a net margin of 10.76% and a return on equity of 17.17%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Research analysts predict that AAON, Inc. will post 0.81 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, November 29th will be paid a $0.16 dividend. This represents a dividend yield of 0.74%. This is an increase from AAON’s previous semiannual dividend of $0.13. The ex-dividend date of this dividend is Wednesday, November 28th. AAON’s payout ratio is currently 33.68%.

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in AAON in the 3rd quarter valued at about $113,000. Atria Investments LLC bought a new stake in AAON in the 2nd quarter valued at about $262,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in AAON in the 2nd quarter valued at about $284,000. OppenheimerFunds Inc. increased its position in AAON by 32.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 8,568 shares of the construction company’s stock valued at $285,000 after buying an additional 2,101 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in AAON by 224.3% in the 2nd quarter. SG Americas Securities LLC now owns 8,783 shares of the construction company’s stock valued at $292,000 after buying an additional 6,075 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Several research analysts have commented on AAON shares. BidaskClub downgraded AAON from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Zacks Investment Research raised AAON from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, August 8th. Finally, ValuEngine raised AAON from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd.

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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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

See Also: Why is the ex-dividend date different from the record date?

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