AAON, Inc. (NASDAQ:AAON) Short Interest Up 30.3% in June

AAON, Inc. (NASDAQ:AAON - Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 4,040,000 shares, a growth of 30.3% from the May 31st total of 3,100,000 shares. Based on an average daily volume of 877,900 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Ratings Changes

Several equities analysts recently commented on AAON shares. DA Davidson reaffirmed a "buy" rating and set a $102.00 target price on shares of AAON in a report on Wednesday. StockNews.com lowered shares of AAON from a "hold" rating to a "sell" rating in a report on Monday, June 17th. Finally, William Blair started coverage on shares of AAON in a report on Monday, April 29th. They set an "outperform" rating on the stock.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 28,200 shares of the firm's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $4,894,778.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Gary D. Fields sold 28,200 shares of the firm's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $4,894,778.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rebecca Thompson sold 13,500 shares of the firm's stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total transaction of $1,039,500.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $1,331,869. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company's stock.

Institutional Investors Weigh In On AAON

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of AAON by 57.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company's stock valued at $425,936,000 after purchasing an additional 2,725,779 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of AAON by 0.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company's stock valued at $247,778,000 after purchasing an additional 25,178 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of AAON by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 1,702,641 shares of the construction company's stock valued at $125,774,000 after purchasing an additional 13,864 shares in the last quarter. Ameriprise Financial Inc. lifted its position in AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company's stock valued at $91,361,000 after acquiring an additional 847,953 shares during the period. Finally, Wasatch Advisors LP lifted its position in AAON by 5.0% during the 4th quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company's stock valued at $75,706,000 after acquiring an additional 49,007 shares during the period. Institutional investors own 70.81% of the company's stock.

AAON Price Performance

AAON stock traded up $0.58 during trading hours on Friday, reaching $87.24. The stock had a trading volume of 8,447,852 shares, compared to its average volume of 822,083. The stock has a market cap of $7.17 billion, a PE ratio of 40.64 and a beta of 0.80. AAON has a 52 week low of $52.24 and a 52 week high of $96.34. The company has a fifty day simple moving average of $79.64 and a 200-day simple moving average of $79.26.

AAON (NASDAQ:AAON - Get Free Report) last announced 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). The firm had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. AAON's revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Research analysts predict that AAON will post 2.24 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Friday, June 7th. AAON's dividend payout ratio (DPR) is presently 14.91%.

About AAON

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.