Insider Selling: AAON, Inc. (NASDAQ:AAON) VP Sells $109,400.00 in Stock

AAON, Inc. (NASDAQ:AAON – Get Rating) VP Rony D. Gadiwalla sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $54.70, for a total value of $109,400.00. Following the transaction, the vice president now directly owns 27,144 shares of the company’s stock, valued at $1,484,776.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of AAON opened at $53.37 on Friday. AAON, Inc. has a 52-week low of $47.50 and a 52-week high of $83.79. The company has a market capitalization of $2.83 billion, a PE ratio of 48.08 and a beta of 0.73. The stock has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $64.79. The company has a quick ratio of 1.20, a current ratio of 2.48 and a debt-to-equity ratio of 0.14.

AAON (NASDAQ:AAON – Get Rating) last issued its earnings results on Thursday, May 5th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. AAON had a return on equity of 14.74% and a net margin of 10.05%. The business had revenue of $182.77 million during the quarter, compared to the consensus estimate of $158.47 million. During the same period last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 57.8% on a year-over-year basis. As a group, equities analysts anticipate that AAON, Inc. will post 1.79 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on AAON. Sidoti raised AAON from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, March 29th. TheStreet downgraded AAON from a “b” rating to a “c+” rating in a research note on Tuesday, March 1st. Zacks Investment Research raised AAON from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Tuesday. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Finally, DA Davidson raised AAON from a “neutral” rating to a “buy” rating in a research note on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, AAON presently has a consensus rating of “Buy” and a consensus price target of $67.33.

Institutional investors and hedge funds have recently modified their holdings of the business. BOKF NA acquired a new stake in shares of AAON in the 3rd quarter worth $32,481,000. ProShare Advisors LLC grew its holdings in shares of AAON by 62.4% during the 4th quarter. ProShare Advisors LLC now owns 10,461 shares of the construction company’s stock worth $831,000 after purchasing an additional 4,018 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of AAON by 190.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 36,113 shares of the construction company’s stock worth $2,868,000 after purchasing an additional 23,673 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of AAON during the 3rd quarter worth $542,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of AAON by 27.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 17,360 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 3,742 shares during the period. 71.28% of the stock is owned by institutional investors and hedge funds.

About AAON (Get Rating)

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.

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