AAON, Inc. (NASDAQ:AAON) Short Interest Update

AAON, Inc. (NASDAQ:AAON) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 2,960,000 shares, a decrease of 14.5% from the September 15th total of 3,460,000 shares. Based on an average daily trading volume, of 412,900 shares, the days-to-cover ratio is presently 7.2 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AAON shares. Robert W. Baird raised their target price on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W raised AAON to a “hold” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $102.00.

AAON Stock Down 0.4 %

Shares of AAON opened at $112.03 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON has a 12 month low of $52.24 and a 12 month high of $113.86. The stock’s 50 day moving average is $96.43 and its two-hundred day moving average is $87.86. The firm has a market cap of $9.21 billion, a P/E ratio of 52.11 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The business had revenue of $313.57 million for the quarter, compared to the consensus estimate of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Analysts predict that AAON will post 2.28 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.08 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. AAON’s dividend payout ratio (DPR) is presently 14.88%.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the sale, the director now directly owns 5,135 shares in the company, valued at $448,850.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the sale, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of institutional investors have recently added to or reduced their stakes in AAON. Greenwood Capital Associates LLC lifted its position in AAON by 30.9% during the fourth quarter. Greenwood Capital Associates LLC now owns 7,533 shares of the construction company’s stock worth $556,000 after buying an additional 1,779 shares in the last quarter. GAMMA Investing LLC raised its position in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after purchasing an additional 181 shares during the period. Park Avenue Securities LLC raised its position in AAON by 27.7% in the first quarter. Park Avenue Securities LLC now owns 3,857 shares of the construction company’s stock valued at $340,000 after purchasing an additional 837 shares during the period. Guidance Capital Inc. raised its position in AAON by 25.5% in the first quarter. Guidance Capital Inc. now owns 5,966 shares of the construction company’s stock valued at $520,000 after purchasing an additional 1,213 shares during the period. Finally, Chatham Capital Group Inc. raised its position in AAON by 11.1% in the first quarter. Chatham Capital Group Inc. now owns 66,545 shares of the construction company’s stock valued at $5,863,000 after purchasing an additional 6,640 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.