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

AAON, Inc. (NASDAQ:AAON) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,150,000 shares, a drop of 19.8% from the October 15th total of 2,680,000 shares. Based on an average daily volume of 369,600 shares, the short-interest ratio is presently 5.8 days.

Analyst Ratings Changes

A number of analysts recently commented on AAON shares. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upped their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Insider Activity at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in AAON in the second quarter valued at about $29,000. Blue Trust Inc. grew its position in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of AAON in the 2nd quarter valued at approximately $35,000. ORG Wealth Partners LLC bought a new stake in shares of AAON in the 3rd quarter valued at approximately $37,000. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $133.46 on Friday. The stock has a 50-day simple moving average of $110.69 and a 200-day simple moving average of $93.11. The firm has a market cap of $10.85 billion, a P/E ratio of 58.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON has a 1 year low of $61.09 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s payout ratio is 14.10%.

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.