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

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

Analyst Ratings Changes

AAON has been the subject of a number of research analyst reports. William Blair initiated coverage on AAON in a research report on Monday, April 29th. They set an “outperform” rating for the company. StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. Finally, DA Davidson reiterated a “buy” rating and issued a $102.00 price target on shares of AAON in a research report on Wednesday.

Insider Buying and Selling at AAON

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of AAON by 242.4% during the first quarter. Tidal Investments LLC now owns 15,428 shares of the construction company’s stock valued at $1,359,000 after buying an additional 10,922 shares during the period. Janus Henderson Group PLC boosted its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after buying an additional 26,141 shares during the period. Bayesian Capital Management LP purchased a new position in shares of AAON during the first quarter valued at approximately $281,000. Bamco Inc. NY boosted its position in shares of AAON by 13.6% during the first quarter. Bamco Inc. NY now owns 218,889 shares of the construction company’s stock valued at $19,284,000 after buying an additional 26,190 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after buying an additional 6,766 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Up 0.7 %

AAON opened at $87.24 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of 40.64 and a beta of 0.80. AAON has a 12 month low of $52.24 and a 12 month high of $96.34. The stock has a 50-day moving average of $79.64 and a 200 day moving average of $79.26.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. On average, research analysts forecast that AAON will post 2.24 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $0.08 per share. The ex-dividend date was Friday, June 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. 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.