AAON, Inc. (NASDAQ:AAON) Short Interest Down 5.6% in January

AAON, Inc. (NASDAQ:AAONGet Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 2,510,000 shares, a decrease of 5.6% from the December 31st total of 2,660,000 shares. Based on an average trading volume of 387,300 shares, the days-to-cover ratio is presently 6.5 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of AAON in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

Check Out Our Latest Research Report on AAON

Insider Transactions at AAON

In other news, COO Stephen E. Wakefield sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $74.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief operating officer now owns 13,473 shares in the company, valued at approximately $997,002. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Stephen E. Wakefield sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $74.00, for a total value of $1,110,000.00. Following the completion of the sale, the chief operating officer now owns 13,473 shares in the company, valued at approximately $997,002. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 5,145 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $63.92, for a total transaction of $328,868.40. Following the completion of the sale, the director now owns 153,782 shares of the company’s stock, valued at approximately $9,829,745.44. The disclosure for this sale can be found here. Insiders sold a total of 173,093 shares of company stock worth $11,561,751 in the last quarter. 19.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAON

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in AAON by 1.4% during the second quarter. Creative Planning now owns 7,530 shares of the construction company’s stock valued at $714,000 after purchasing an additional 106 shares during the last quarter. Huntington National Bank increased its position in shares of AAON by 20.6% during the second quarter. Huntington National Bank now owns 651 shares of the construction company’s stock valued at $62,000 after buying an additional 111 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of AAON by 3.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,177 shares of the construction company’s stock valued at $396,000 after buying an additional 137 shares during the period. Metropolitan Life Insurance Co NY increased its position in shares of AAON by 5.8% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,696 shares of the construction company’s stock valued at $203,000 after buying an additional 147 shares during the period. Finally, Strs Ohio increased its position in shares of AAON by 2.3% during the fourth quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock valued at $487,000 after buying an additional 150 shares during the period. 47.89% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

Shares of NASDAQ:AAON opened at $73.77 on Wednesday. The company’s 50-day moving average is $69.52 and its 200 day moving average is $60.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 3.03. The company has a market capitalization of $6.06 billion, a P/E ratio of 36.04 and a beta of 0.88. AAON has a fifty-two week low of $49.33 and a fifty-two week high of $75.24.

AAON (NASDAQ:AAONGet Free Report) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $311.97 million for the quarter, compared to the consensus estimate of $294.63 million. AAON had a net margin of 15.18% and a return on equity of 27.79%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, equities research analysts forecast that AAON will post 2.09 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Wednesday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.43%. The ex-dividend date was Tuesday, November 28th. AAON’s dividend payout ratio (DPR) is presently 15.64%.

AAON Company Profile

(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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