The CEO of Aaon (NASDAQ: AAON) is Buying Shares

By Carrie Williams

Today, the CEO of Aaon (NASDAQ: AAON), Norman Asbjornson, bought shares of AAON for $237.3K.

Following Norman Asbjornson’s last AAON Buy transaction on December 07, 2012, the stock climbed by 20.6%.

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Based on Aaon’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $99.08 million and quarterly net profit of $4.26 million. In comparison, last year the company earned revenue of $86.08 million and had a net profit of $10.22 million. AAON’s market cap is $1.55B and the company has a P/E ratio of 32.39. Currently, Aaon has an average volume of 294K.

Three different firms, including Oppenheimer and Sidoti, currently also have a Buy rating on the stock.

The insider sentiment on Aaon has been neutral according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. Its products consists 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 heat pumps and coils.