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

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares of the company’s stock, valued at $2,386,986. This represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,329 shares of company stock worth $7,663,726. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

A number of institutional investors and hedge funds have recently made changes to their positions in AAON. JPMorgan Chase & Co. lifted its holdings in shares of AAON by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after acquiring an additional 150,207 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in AAON by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after buying an additional 39,059 shares during the period. State Street Corp lifted its holdings in AAON by 0.6% during the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after buying an additional 12,502 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of AAON by 39.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after purchasing an additional 525,132 shares during the period. Finally, FMR LLC lifted its position in shares of AAON by 9.6% during the third quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock valued at $186,509,000 after buying an additional 151,540 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

NASDAQ AAON opened at $130.18 on Monday. The business’s fifty day moving average is $129.02 and its 200 day moving average is $109.03. The company has a market capitalization of $10.58 billion, a PE ratio of 57.35 and a beta of 0.87. 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 fifty-two week low of $69.54 and a fifty-two week high of $144.07.

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

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date was Friday, November 29th. AAON’s dividend payout ratio 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.