AAON, Inc. (NASDAQ:AAON - Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,650,000 shares, a decline of 8.3% from the November 30th total of 1,800,000 shares. Based on an average daily volume of 419,700 shares, the short-interest ratio is presently 3.9 days.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on AAON. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and raised their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. DA Davidson upped their price objective on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, AAON has an average rating of "Moderate Buy" and a consensus target price of $133.00.
View Our Latest Stock Report on AAON
AAON Trading Down 1.5 %
Shares of NASDAQ AAON traded down $1.77 during trading on Monday, reaching $119.65. The company had a trading volume of 365,780 shares, compared to its average volume of 583,230. The stock has a market cap of $9.73 billion, a P/E ratio of 52.71 and a beta of 0.83. The company's fifty day moving average price is $126.94 and its 200-day moving average price is $105.04. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON has a 12 month low of $68.38 and a 12 month high of $144.07.
AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. During the same period in the prior year, the business posted $0.64 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that AAON will post 2.26 earnings per share for the current year.
AAON Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 29th. AAON's dividend payout ratio (DPR) is presently 14.10%.
Insiders Place Their Bets
In other news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. This trade represents a 22.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the transaction, the vice president now directly owns 4,558 shares of the company's stock, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,329 shares of company stock worth $7,663,726 in the last quarter. Corporate insiders own 18.55% of the company's stock.
Hedge Funds Weigh In On AAON
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP grew its holdings in AAON by 39.1% during the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock worth $201,310,000 after acquiring an additional 525,132 shares during the period. Blair William & Co. IL bought a new stake in shares of AAON during the 2nd quarter valued at about $44,934,000. Millennium Management LLC grew its stake in AAON by 212.3% during the second quarter. Millennium Management LLC now owns 656,552 shares of the construction company's stock worth $57,278,000 after purchasing an additional 446,344 shares during the period. Franklin Resources Inc. increased its holdings in AAON by 258.8% in the third quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company's stock worth $37,014,000 after purchasing an additional 238,308 shares in the last quarter. Finally, Fred Alger Management LLC bought a new stake in AAON in the second quarter worth approximately $15,700,000. Institutional investors and hedge funds own 70.81% of the company's stock.
About AAON
(
Get Free Report)
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.
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