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

AAON, Inc. (NASDAQ:AAON) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 1,540,000 shares, a decrease of 6.7% from the December 31st total of 1,650,000 shares. Based on an average daily volume of 434,700 shares, the short-interest ratio is currently 3.5 days.

Insider Activity

In related news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock valued at $7,663,726 over the last three months. 18.55% of the stock is owned by insiders.

Institutional Investors Weigh In On AAON

Several large investors have recently made changes to their positions in AAON. Blue Trust Inc. boosted its position in AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after purchasing an additional 84 shares during the period. Captrust Financial Advisors grew its stake in AAON by 1.0% in the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after buying an additional 89 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in AAON by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock valued at $2,201,000 after acquiring an additional 100 shares during the period. Conway Capital Management Inc. lifted its position in shares of AAON by 4.0% during the fourth quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock worth $306,000 after acquiring an additional 101 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of AAON by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,454 shares of the construction company’s stock worth $289,000 after acquiring an additional 118 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAON. Sidoti lowered shares of 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 note on Tuesday, October 22nd. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Stock Down 0.2 %

Shares of NASDAQ:AAON opened at $116.38 on Friday. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 51.27 and a beta of 0.87. The business’s 50 day moving average is $126.76 and its 200 day moving average is $111.24. AAON has a 12-month low of $70.14 and a 12-month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS 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 company had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that AAON will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. AAON’s dividend payout ratio (DPR) is presently 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.