AAON (NASDAQ:AAON) Stock, Quote.Headers.trade-ideas

AAON

AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.

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Analyst Ratings

Trading Ideas

M/I Homes, Inc. (NYSE: MHO) is scheduled to report second-quarter 2024 results on Jul 30, 2024, before market open.

M/I Homes Gears Up for Q2 Earnings: What to Expect?

Comfort Systems USA, Inc. (NYSE: FIX) shares soared 51.6% year to date (YTD), outperforming the Zacks Building Products - Air Conditioner and Heating industry&#39;s 18.2% growth. The stock even fared better than the broader Construction sector&#39;s 3% rise.

Comfort Systems USA Surges 52% YTD: What&#39;s Next for FIX?

Options

Investors in AAON, Inc. (NASDAQ: AAON) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $30 Put had some of the highest implied volatility of all equity options today.

Do Options Traders Know Something About AAON Stock We Don&#39;t?

AAON Inc

Disclosed in a recent SEC filing on August 14, Asbjornson, Director at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000193//Archives/edgar/data/824142/000082414224000193/0000824142-24-000193-index.htm">U.S. Securities and Exchange Commission</a> uncovered Asbjornson, Director at AAON, exercising stock options for 57,480 shares of AAON. The total transaction was valued at $4,155,229.
The Wednesday morning market activity shows AAON shares up by 0.51%, trading at $88.0. This implies a total value of $4,155,229 for Asbjornson's 57,480 shares.
<h3>Discovering AAON: A Closer Look</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>AAON: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, AAON showcased positive performance, achieving a revenue growth rate of 10.43% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 36.07%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): AAON's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.64.
</li>
</ul>
Debt Management: AAON's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.14.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 39.26 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 6.11, AAON's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 24.25, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Witnessing An Insider Decision, Norman H Asbjornson Exercises Options Valued At $4.16M At AAON

A substantial insider sell was reported on August 8, by Norman H Asbjornson, Board Member at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>), based on the recent SEC filing.
What Happened: Asbjornson's recent move involves selling 11,022 shares of AAON. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000191//Archives/edgar/data/824142/000082414224000191/0000824142-24-000191-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $963,433.
AAON's shares are actively trading at $86.07, experiencing a down of 0.0% during Friday's morning session.
<h3>Delving into AAON's Background</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>A Deep Dive into AAON's Financials</h3>
Revenue Growth: Over the 3 months period, AAON showcased positive performance, achieving a revenue growth rate of 10.43% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 36.07%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): AAON's EPS reflects a decline, falling below the industry average with a current EPS of 0.64.
</li>
</ul>
Debt Management: AAON's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: AAON's current Price to Earnings (P/E) ratio of 38.56 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.0 is above industry norms, reflecting an elevated valuation for AAON's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Boasting an EV/EBITDA ratio of 23.82, AAON demonstrates a robust market valuation, outperforming industry benchmarks.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member At AAON Sells $963K Of Stock

In a new SEC filing on August 8, it was revealed that Fields, CEO at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>), executed a significant exercise of company stock options.
What Happened: In an insider options sale disclosed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000189//Archives/edgar/data/824142/000082414224000189/0000824142-24-000189-index.htm">U.S. Securities and Exchange Commission</a>, Fields, CEO at AAON, exercised stock options for 51,648 shares of AAON. The transaction value amounted to $2,922,760.
AAON shares are trading down 0.0% at $86.07 at the time of this writing on Friday morning. Since the current price is $86.07, this makes Fields's 51,648 shares worth $2,922,760.
<h3>All You Need to Know About AAON</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>Key Indicators: AAON's Financial Health</h3>
Positive Revenue Trend: Examining AAON's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.43% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 36.07%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): AAON's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.64.
</li>
</ul>
Debt Management: AAON's debt-to-equity ratio is below the industry average at 0.14, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 38.56 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 6.0 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 23.82 reflects market recognition of AAON's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Gary D Fields At AAON Capitalizes: Options Exercised, Resulting In $2.92M

On August 8, a recent SEC filing unveiled that Norman H Asbjornson, Director at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) made an insider sell.
What Happened: Asbjornson opted to sell 11,022 shares of AAON, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000191//Archives/edgar/data/824142/000082414224000191/0000824142-24-000191-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $963,433.
AAON's shares are actively trading at $85.92, experiencing a down of 0.0% during Thursday's morning session.
<h3>About AAON</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>AAON's Economic Impact: An Analysis</h3>
Revenue Growth: AAON displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 10.43%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 36.07%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, AAON exhibits below-average bottom-line performance with a current EPS of 0.64.
</li>
</ul>
Debt Management: AAON's debt-to-equity ratio is below the industry average at 0.14, reflecting a lower dependency on debt financing and a more conservative financial approach.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 38.53 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 6.0 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 23.81, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAON Director Trades $963K In Company Stock

A substantial insider activity was disclosed on August 8, as Fields, CEO at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>), reported the exercise of a large sell of company stock options.
What Happened: A notable Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000189//Archives/edgar/data/824142/000082414224000189/0000824142-24-000189-index.htm">U.S. Securities and Exchange Commission</a> revealed that Fields, CEO at AAON, exercised stock options for 51,648 shares of AAON, resulting in a transaction value of $2,915,013.
AAON shares are trading down 0.0% at $85.92 at the time of this writing on Thursday morning. Since the current price is $85.92, this makes Fields's 51,648 shares worth $2,915,013.
<h3>Unveiling the Story Behind AAON</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>Breaking Down AAON's Financial Performance</h3>
Revenue Growth: AAON's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 10.43%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 36.07%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): AAON's EPS is below the industry average. The company faced challenges with a current EPS of 0.64. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: AAON's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: AAON's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 38.53.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 6.0 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): AAON's EV/EBITDA ratio of 23.81 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: Gary D Fields Exercises Options At AAON For $2.92M

Baird analyst Timothy Wojs maintains AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) with a Neutral and raises the price target from $100 to $102.

Price Target

Baird Maintains Neutral on AAON, Raises Price Target to $102

WIIM

AAON shares are trading higher after the company reported better-than-expected Q2 financial results.

AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.52 by 19.23 percent. The company reported quarterly sales of $313.566 million which beat the analyst consensus estimate of $283.767 million by 10.50 percent. This is a 10.43 percent increase over sales of $283.957 million the same period last year.

Earnings Beats

AAON Q2 2024 GAAP EPS $0.62 Beats $0.52 Estimate, Sales $313.566M Beat $283.767M Estimate

M/I Homes, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mho#NYSE">MHO</a>) is scheduled to report second-quarter 2024 results on Jul 30, 2024, before market open.
In the last reported quarter, the company&#39;s earnings and revenues topped the Zacks Consensus Estimate by 20.7% and 4.1%, respectively. On a year-over-year basis, earnings and revenues increased 31% and 5%, respectively.
This homebuilding company&#39;s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 19%.
<h3>Trend in Estimates</h3>
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has remained unchanged at $4.79 in the past 30 days. The estimated figure indicates a 16.3% decline from $4.12 per share reported in the year-ago quarter.
<div class="chart_embed">
<h3>M/I Homes, Inc. Price and EPS Surprise</h3>
<img alt="M/I Homes, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/db/1721913300.png" style="height:263px; width:545px" title="" />
M/I Homes, Inc. price-eps-surprise | M/I Homes, Inc. Quote
The consensus mark for revenues is pegged at $1.05 billion, suggesting a 3.7% rise from the year-ago quarter&#39;s reported figure.
</div>
<h3>Factors to Note</h3>
Despite challenging affordability conditions due to higher mortgage rates, M/I Homes&#39; second-quarter earnings and net sales are likely to have increased year over year due to strong demand for entry-level and first-move-up homes. The lack of existing homes for sale is likely to have boosted the top line. MHO&#39;s focus on single-family homes and attached townhomes for various buyer segments, including first-time, millennial, move-up, empty-nester and luxury buyers, is likely to have driven growth.
Also, improved construction cycle time and solid land acquisitions and development strategy are likely to have helped it partially offset the negative impacts of the headwinds mentioned above.
The Zacks Consensus Estimate for Homebuilding revenues (which contributed 97.7% to total revenues in 2023) of $1,024.9 million suggests a rise from $988.7 million reported a year ago.
The company expects homes delivered in the second quarter to be in line with the first quarter (homes delivered totaled 2,158 units), with a slight increase in the second half of the year. The consensus mark for homes delivered is pegged at 2,170 units, indicating a rise from 1,990 units a year ago. The same for the average home closing price is likely to be $528,380, suggesting a rise from $493,000 reported a year ago.
The Zacks Consensus Estimate for new contracts is pegged at 2,307 homes, calling for an increase from 2,197 homes reported a year ago.
The Zacks Consensus Estimate for backlog is pinned at 3,528 homes, suggesting a rise from 3,508 homes reported in the prior year.
The same for Financial Services (contributed 2.3% to total revenues in 2023) revenues is pinned at $26.6 million, suggesting a rise from the year-ago level of $25.3 million.
However, higher material and labor costs, along with uncertain economic conditions, are likely to have negatively impacted operations and hurt margins in the to-be-reported quarter. Elevated selling expenses and greater headcount and incentive compensation are anticipated to have strained MHO&#39;s profitability.
<h3>What the Zacks Model Says</h3>
Our proven model does not conclusively predict an earnings beat for MHO this time around. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, that is not the case here, as you will see below.
Earnings ESP: The company has an Earnings ESP of 0.00%.
Zacks Rank: It currently carries a Zacks Rank #3.
<h3>Stocks Poised to Beat on Earnings</h3>
Here are some companies in the Zacks Construction sector that, according to our model, have the right combination of elements to post an earnings beat in the quarter to be reported.
Dycom Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dy#NYSE">DY</a>)&nbsp;currently has an Earnings ESP of +4.43 and a Zacks Rank of 2.
DY&#39;s earnings topped the consensus mark in three of the last four quarters and missed on one occasion, with the average surprise being 30.2%. Earnings for the to-be-reported quarter are expected to increase 7.4% from the year-ago quarter&#39;s reported figure.
KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>) currently has an Earnings ESP of +0.17% and a Zacks Rank of 1.
KBH&#39;s earnings for the to-be-reported quarter are expected to grow 13.3% from the year-ago quarter&#39;s reported figure. The company posted better-than-expected earnings in all the last four quarters, the average surprise being 18.4%.
AAON, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaon#NASDAQ">AAON</a>) currently has an Earnings ESP of +0.94% and a Zacks Rank of 2.
AAON&#39;s earnings for the to-be-reported quarter are expected to decline 1.8% from the year-ago quarter&#39;s reported figure. The company reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 9.7%.
<a href="https://www.zacks.com/stock/news/2309140/m-i-homes-mho-gears-up-for-q2-earnings-what-to-expect?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2309140">To read this article on Zacks.com click here.</a>

Baird analyst Timothy Wojs initiates coverage on AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) with a Neutral rating and announces Price Target of $100.

Initiation

Baird Initiates Coverage On AAON with Neutral Rating, Announces Price Target of $100

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Shares of stocks within the broader industrial sector are trading lower amid overall market weakness

A large exercise of company stock options by Stephen E Wakefield, Vice President at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) was disclosed in a new SEC filing on July 15, as part of an insider exercise.
What Happened: The latest Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000176//Archives/edgar/data/824142/000082414224000176/0000824142-24-000176-index.htm">U.S. Securities and Exchange Commission</a> uncovered Wakefield, Vice President at AAON, exercising stock options for 29,946 shares of AAON. The total transaction was valued at $1,890,626.
Currently, AAON shares are trading up 0.4%, priced at $91.47 during Tuesday's morning. This values Wakefield's 29,946 shares at $1,890,626.
<h3>Unveiling the Story Behind AAON</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>Understanding the Numbers: AAON's Finances</h3>
Revenue Growth: AAON's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -1.45%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 35.19%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, AAON exhibits below-average bottom-line performance with a current EPS of 0.48.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: AAON's current Price to Earnings (P/E) ratio of 42.39 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.54 is above industry norms, reflecting an elevated valuation for AAON's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): AAON's EV/EBITDA ratio stands at 26.72, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Understanding the Significance of Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

At AAON, Stephen E Wakefield Chooses To Exercise Options, Resulting In $1.89M

Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) shares soared 51.6% year to date (YTD), outperforming the Zacks Building Products - Air Conditioner and Heating industry&#39;s 18.2% growth. The stock even fared better than the broader Construction sector&#39;s 3% rise. This leading provider of commercial, industrial, and institutional heating, ventilation, air conditioning, and electrical contracting services has been benefiting from sustained demand for its offerings and a solid backlog. Innovation remains at the forefront of its operations. Strong market conditions in the technology and manufacturing sectors, combined with FIX&#39;s robust project pipeline, provide a solid foundation for future performance.
The first quarter of 2024 brought impressive financial performance for Comfort Systems USA, marking it as a strong contender in the HVAC and mechanical services market. Earnings per share increased from the first quarter of 2023 by over a dollar. Its backlog saw a notable increase and generated more than $140 million in cash flow. The Mechanical business experienced significant improvement, and profitability in the Electrical segment reached unprecedented levels. Construction and service sectors continued to flourish, with sustained demand bolstering growth.
EBITDA nearly doubled to $170 million in the first quarter, a substantial increase from $90 million a year ago, with same-store EBITDA growing more than 70%. The company anticipates maintaining strong EBITDA margins throughout 2024, potentially matching or exceeding 2023 levels. Operating income also saw a significant boost in the quarter, with the operating margin increasing to 8.8% from 6.0% in the prior year, driven by improved gross profit margins and favorable SG&amp;A leverage.
<h3>Stock Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/70413.jpg?v=791182243" />
Image Source: Zacks Investment Research
<h3>Factors Supporting Growth</h3>
Sustained Demand From Technology &amp; Manufacturing Sectors 
Having historically grown through organic means as well as acquisitions of numerous peers and competitors, Comfort Systems USA provides mechanical and electrical contracting services. The company&#39;s first-quarter revenues reported 31% year-over-year growth, attributable to a 23% rise in same-store revenues and an additional $96 million from acquisitions. Mechanical segment revenues (which accounted for 77.2% of its quarterly total revenues) soared 29%, while the Electrical segment (22.9% of its total revenues) witnessed a remarkable 37% increase. The company attributed part of this growth to less seasonality, with more projects in warmer climates.
Notably, the solid same-store activity reflects strong market conditions and robust demand across key sectors. Notably, the technology and manufacturing sectors, including data centers, chip plants, food, and pharmaceuticals, have been pivotal in driving this growth. 
Inorganic Efforts 
Acquisitions have been instrumental in propelling Comfort Systems USA&#39;s growth over the years. These strategic moves have not only broadened FIX&#39;s operational scope but have also integrated seamlessly to enhance revenue streams. For the past 16 years, the company has devoted an average of 75% of its capital to acquisitions.
On Feb 1, 2024, FIX acquired Summit Industrial Construction, LLC, and J &amp; S Mechanical Contractors, Inc. within its mechanical segment. These recent acquisitions, along with those in 2023, including DECCO and Eldeco, collectively contributed approximately 8.1% to Comfort Systems USA&#39;s revenue growth in the first quarter of 2024. 
Solid Backlog Level 
A critical factor supporting FIX&#39;s sustained growth is its solid backlog, which reached a record $5.9 billion at the end of the first quarter. This represents a significant increase of $1.5 billion, or 33%, compared to last year. The backlog growth is balanced between same-store growth and contributions from acquisitions, underscoring the company&#39;s robust pipeline. The sequential backlog increased $754 million, with $612 million from acquisitions and $142 million from same-store activity. This indicates a consistent and strong pipeline of projects, ensuring future revenue streams. The backlog&#39;s composition aligns with high-demand areas such as data centers, chip fabrication, battery plants, life sciences, and food. This strategic focus positions FIX well to capitalize on sector-specific growth trends. 
Solid Liquidity &amp; Dividend 
Comfort Systems USA is a financially robust company, holding $100.8 million in cash and carrying $89.9 million in debt as of Mar 31, 2024. This positions the company to potentially repay all its debt immediately, leaving $10.9 million in cash on hand. With this strong net cash position, Comfort Systems USA has the flexibility to pursue additional debt, distribute capital to shareholders, or pursue growth opportunities.
The company has effectively managed its cash flow, benefiting from advanced payments for future work. Operating cash flow has exceeded earnings by approximately $300 million on a trailing 12-month basis, allowing the company to invest in growth and acquisitions while reducing interest costs. Despite large cash payments for recent acquisitions, total debt stood at $90 million, with no funded debt from banks as of Mar 31, 2024.
Over the past 16 years, Comfort Systems USA has consistently allocated an average of 11% of its capital toward dividend payments to shareholders. Supported by steady free cash flow and a resilient balance sheet, the company has increased its dividend payout for the past 12 consecutive years, underscoring its commitment to shareholder rewards.
FIX is currently paying an annual cash dividend of $1.20 per share, which translates to a payout ratio of around 10%. 
Stock Valuation 
FIX&#39;s stock is currently undervalued compared to its industry, as shown in the chart below. Despite the company&#39;s shares&#39; outperformance compared to its industry, FIX&#39;s current valuation is still considered undervalued. This might imply that the market has not yet fully recognized or priced in the company&#39;s potential growth prospects or earnings potential. The company is also trading currently at a discount compared to other industry players like Watsco, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wso#NYSE">WSO</a>) and AAON, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaon#NASDAQ">AAON</a>) but premium to EMCOR Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eme#NYSE">EME</a>).
Again, FIX&#39;s trailing 12-month return on equity (ROE) of 28.6% is better than its peer group average of 22.1%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/70416.jpg?v=317156002" />
Image Source: Zacks Investment Research
<h3>What&#39;s Hindering the Stock?</h3>
Tough Comparisons 
While the company&#39;s performance remains promising, FIX faces tougher prior-year comparable results for the remainder of 2024. Gross margin is expected to remain strong, although it may fluctuate due to amortization and purchase-related adjustments. 
Cash Flow Headwind 
FIX has experienced some positive momentum in the first quarter, especially with advanced payments for upcoming work. However, the normalization of pre-bookings and equipment advances could pose cash flow challenges in the future. Keeping an eye on how the company manages these transitions will be crucial. 
FIX Trading Below 50-Day Moving Average 
Comfort Systems USA&#39;s shares are currently trading well below the 50-day moving average from June-end. As of Jul 3, 2024, the stock closed at $311.85, which is below its 52-week high of $352.45 but significantly above its 52-week low of $151.89.
<h3>FIX Price Movement vs 50-Day Moving Average</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/70415.jpg?v=394496977" />
Image Source: Zacks Investment Research&nbsp; 
FIX Estimate Movement 
The Zacks Consensus Estimate for 2024 EPS has remained unchanged over the past 60 days. This depicts that there is limited upside potential for the stock as of now. Yet, the estimated figure indicates 36.2% year-over-year growth for 2024. FIX delivered a trailing four-quarter earnings surprise of 20%, on average.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/33/70414.jpg?v=834482638" />
Image Source: Zacks Investment Research
<h3>Investment Thoughts</h3>
The company&#39;s resilient same-store activity, strategic acquisitions, record backlog, strategic cash management, impressive valuation and solid returns provide a solid foundation. 
However, caution is warranted due to the challenges ahead, including tougher year-over-year comparisons and potential cash flow headwinds as pre-bookings normalize. Existing stakeholders should maintain their position in this Zacks Rank #3 (Hold) stock, while potential new investors may wait for more clarity on how FIX manages these pressures and navigates the broader economic environment before making new investment decisions.
<a href="https://www.zacks.com/stock/news/2297346/comfort-systems-usa-surges-52-ytd-what-s-next-for-fix?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2297346">To read this article on Zacks.com click here.</a>

Comfort Systems USA Surges 52% YTD: What's Next for FIX?

AAON's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NYSE">AAON</a>) short percent of float has risen 30.4% since its last report. The company recently reported that it has 4.04 million shares sold short, which is 6.82% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AAON Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720202412_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AAON has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing AAON's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AAON's peer group average for short interest as a percentage of float is 4.15%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into AAON's Recent Short Interest

Investors in AAON, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaon#NASDAQ">AAON</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $30 Put had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for AAON shares, but what is the fundamental picture for the company? Currently, AAON is a Zacks Rank #5 (Strong Sell) in the Building Products - Air Conditioner and Heating industry that ranks in the Bottom 11% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 53 cents per share to 54 cents in that period.
Given the way analysts feel about AAON right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2296480/do-options-traders-know-something-about-aaon-aaon-stock-we-don-t?cid=CS-BENZ-FT-tale_of_the_tape|options-2296480">To read this article on Zacks.com click here.</a>

Do Options Traders Know Something About AAON Stock We Don't?

DA Davidson analyst Brent Thielman maintains AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) with a Buy and maintains $102 price target.

DA Davidson Maintains Buy on AAON, Maintains $102 Price Target

AAON's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NYSE">AAON</a>) short percent of float has fallen 4.56% since its last report. The company recently reported that it has 2.85 million shares sold short, which is 4.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AAON Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717421410_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AAON has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AAON's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AAON's peer group average for short interest as a percentage of float is 3.75%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(AAON) - Analyzing AAON's Short Interest

A large exercise of company stock options by Rebecca Thompson, Chief Financial Officer at AAON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) was disclosed in a new SEC filing on May 16, as part of an insider exercise.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000824142/000082414224000127//Archives/edgar/data/824142/000082414224000127/0000824142-24-000127-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Thompson, Chief Financial Officer at AAON, a company in the Industrials sector, just exercised stock options worth 13,500 shares of AAON stock with an exercise price of $24.63.
The Friday morning update indicates AAON shares up by 0.16%, currently priced at $74.98. At this value, Thompson's 13,500 shares are worth $679,725.
<h3>All You Need to Know About AAON</h3>
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
<h3>Key Indicators: AAON's Financial Health</h3>
Decline in Revenue: Over the 3 months period, AAON faced challenges, resulting in a decline of approximately -1.45% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 35.19%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): AAON's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.48.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.02, AAON adopts a prudent financial strategy, indicating a balanced approach to debt management.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 34.82 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 5.37 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 21.96, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000824142">Check Out The Full List Of AAON's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Activity Update: Rebecca Thompson Executes Options Exercise, Resulting In $679K At AAON

MARA

S&P Dow Jones Indices Says Marathon Digital Holdings Inc. Will Replace AAON In The S&P Smallcap 600 Effective Prior To The Market Open On May 8

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AAON Q2 2024 Earnings Preview

AAON GAAP EPS of $0.62 beats by $0.10, revenue of $313.56M beats by $29.79M

The latest announcement is out from Aaon (AAON). AAON, Inc. has implemented an Executive Severance Plan to offer financial support to certain high-...

Aaon Implements Executive Severance Plan Amidst Leadership Changes

AAON, Inc. (AAON) Q2 2024 Earnings Call Transcript

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AAON declares $0.08 dividend

HVAC Manufacturer AAON A Growth Stock For Longer-Term Investors

Bullish stocks within industrials after reaching new highs

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AAON Announces First Quarter 2024 Conference Call And Webcast

AAON REPORTS FIRST QUARTER OF 2024 RESULTS

Vistra Set to Join S&P 500; Aaon to Join S&P MidCap 400; Marathon Digital Holdings to Join S&P SmallCap 600

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AAON Makes Significant Progress Enhancing Overall Sustainability Practices and Achieving Long-Term Environmental Goals in 2023 Sustainability Report

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