In a recent transaction reported to the Securities and Exchange Commission, Rebecca Thompson, the Chief Financial Officer of AAON , Inc. (NASDAQ:AAON), sold 5,000 shares of the company's common stock. The shares were sold at $138 each, amounting to a total sale value of $690,000, coming at a time when AAON's stock has delivered an impressive 113% return over the past year. According to InvestingPro analysis, the stock is currently trading at elevated valuation multiples, with the shares near their 52-week high of $144.06. Following this transaction, Thompson holds 17,297 shares directly.
The filing also disclosed that Thompson exercised options to acquire 5,000 shares at a price of $24.63 per share, with a total transaction value of $123,150. These transactions reflect Thompson's ongoing management of her equity stake in the company. InvestingPro data shows AAON maintains strong financial health with a GREAT overall score, and subscribers can access 18 additional ProTips and comprehensive valuation metrics in the Pro Research Report.
In other recent news, AAON, Inc. has reported a growth and expansion in its Q3 2024 financial results. The company reported a 4.9% increase in revenue to $327.3 million and an 8.6% rise in diluted earnings per share to $0.63. Despite a decrease in gross margin to 34.9%, AAON achieved a 25.3% adjusted EBITDA margin, marking one of its strongest quarters. Furthermore, AAON has announced its ongoing commitment to the U.S. Department of Energy's Better Buildings Commercial Building Heat Pump Technology Challenge, collaborating with industry leaders to develop advanced technologies. The combined research and development initiatives are aimed at producing innovative solutions to meet the DOE's objectives. Notably, AAON is expanding its production capacity and anticipates a softening demand in the short term but remains optimistic for recovery and growth into 2025. These recent developments indicate a company navigating industry shifts while capitalizing on growing market segments.
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