AAON, Inc. (NASDAQ:AAON) Short Interest Down 19.8% in October

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

AAON Trading Up 0.2 %

NASDAQ:AAON opened at $133.46 on Friday. The firm has a market capitalization 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 current ratio of 3.06 and a quick ratio of 1.79. AAON has a one year low of $61.09 and a one year high of $144.07. The company’s 50-day simple moving average is $110.69 and its 200 day simple moving average is $93.12.

AAON (NASDAQ:AAON) last issued its quarterly 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 return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that AAON will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson lifted their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird increased their price target on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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. 18.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in AAON during the 1st quarter valued at $212,000. Sei Investments Co. grew its stake in shares of AAON by 2.1% during the 1st quarter. Sei Investments Co. now owns 146,519 shares of the construction company’s stock valued at $12,908,000 after purchasing an additional 2,985 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of AAON by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock worth $3,156,000 after purchasing an additional 1,090 shares during the period. ProShare Advisors LLC grew its position in AAON by 7.4% during the first quarter. ProShare Advisors LLC now owns 13,656 shares of the construction company’s stock valued at $1,203,000 after buying an additional 940 shares during the period. Finally, Entropy Technologies LP purchased a new stake in AAON during the first quarter valued at approximately $423,000. 70.81% of the stock is owned by institutional investors.

AAON Company Profile

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.