AAON, Inc. (NASDAQ:AAON) posted its quarterly earnings results on Thursday. The construction company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.03, MarketWatch Earnings reports. AAON had a net margin of 13.43% and a return on equity of 25.28%. The business had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $111.24 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year.
AAON (AAON) traded down 1.63% during mid-day trading on Thursday, reaching $33.20. The company’s stock had a trading volume of 532,929 shares. The firm has a market capitalization of $1.75 billion, a P/E ratio of 34.23 and a beta of 0.96. AAON has a 52 week low of $25.33 and a 52 week high of $38.20. The firm’s 50 day moving average price is $36.49 and its 200 day moving average price is $35.65.
The firm also recently declared a semiannual dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were paid a $0.13 dividend. The ex-dividend date was Wednesday, June 7th. This represents a dividend yield of 0.73%. AAON’s dividend payout ratio (DPR) is presently 27.08%.
In related news, VP Scott M. Asbjornson sold 9,815 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $36.71, for a total value of $360,308.65. Following the sale, the vice president now directly owns 860,165 shares in the company, valued at approximately $31,576,657.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.25% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its position in shares of AAON by 86.0% in the first quarter. LS Investment Advisors LLC now owns 2,899 shares of the construction company’s stock valued at $102,000 after buying an additional 1,340 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of AAON during the first quarter valued at about $123,000. Victory Capital Management Inc. boosted its position in shares of AAON by 16.1% in the first quarter. Victory Capital Management Inc. now owns 4,140 shares of the construction company’s stock valued at $146,000 after buying an additional 573 shares during the period. State of Alaska Department of Revenue boosted its position in shares of AAON by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the construction company’s stock valued at $154,000 after buying an additional 60 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of AAON during the second quarter valued at about $220,000. Institutional investors own 66.18% of the company’s stock.
AAON has been the topic of a number of analyst reports. Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. BidaskClub downgraded AAON from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th.
AAON Company Profile
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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