AAON (NASDAQ:AAON) Now Covered by Analysts at William Blair

William Blair assumed coverage on shares of AAON (NASDAQ:AAON) in a report issued on Monday morning, MarketBeat.com reports. The firm issued an outperform rating on the construction company’s stock.

AAON Stock Up 3.0 %

NASDAQ:AAON opened at $93.85 on Monday. AAON has a one year low of $52.24 and a one year high of $96.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. The company has a market cap of $7.71 billion, a PE ratio of 43.99 and a beta of 0.91. The firm’s 50 day simple moving average is $85.66 and its 200 day simple moving average is $73.66.

AAON (NASDAQ:AAON) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $306.60 million for the quarter, compared to the consensus estimate of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. On average, research analysts anticipate that AAON will post 2.29 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio (DPR) is presently 15.00%.

Insider Activity at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $4,247,970.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AAON news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The shares were 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 owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 14,874 shares in the company, valued at approximately $1,209,256.20. The disclosure for this sale can be found here. Insiders have sold a total of 44,596 shares of company stock valued at $3,613,768 over the last 90 days. Insiders own 18.55% of the company’s stock.

Institutional Investors Weigh In On AAON

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in AAON by 57.2% in the third 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 during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of AAON during the fourth quarter valued at about $22,784,000. Conestoga Capital Advisors LLC increased its stake in shares of AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock worth $247,778,000 after buying an additional 25,178 shares during the period. Lazard Asset Management LLC raised its holdings in AAON by 75.7% during the 3rd quarter. Lazard Asset Management LLC now owns 33,189 shares of the construction company’s stock valued at $1,887,000 after buying an additional 14,303 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in AAON by 49.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 89,210 shares of the construction company’s stock valued at $5,073,000 after buying an additional 29,704 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.