Categories: Insider Trading News

Aaon CFO Rebecca Thompson sells $690k in firm inventory


In a current transaction reported to the Securities and Alternate Fee, Rebecca Thompson, the Chief Monetary Officer of AAON , Inc. (NASDAQ:AAON), bought 5,000 shares of the corporate’s frequent inventory. The shares have been bought at $138 every, amounting to a complete sale worth of $690,000, coming at a time when AAON’s inventory has delivered a formidable 113% return over the previous 12 months. In keeping with InvestingPro evaluation, the inventory is at the moment buying and selling at elevated valuation multiples, with the shares close to their 52-week excessive of $144.06. Following this transaction, Thompson holds 17,297 shares instantly.

The submitting additionally disclosed that Thompson exercised choices to accumulate 5,000 shares at a worth of $24.63 per share, with a complete transaction worth of $123,150. These transactions mirror Thompson’s ongoing administration of her fairness stake within the firm. InvestingPro information reveals AAON maintains sturdy monetary well being with a GREAT general rating, and subscribers can entry 18 further ProTips and complete valuation metrics within the Professional Analysis Report.

In different current information, AAON, Inc. has reported a progress and enlargement in its Q3 2024 monetary outcomes. The corporate reported a 4.9% enhance in income to $327.3 million and an 8.6% rise in diluted earnings per share to $0.63. Regardless of a lower in gross margin to 34.9%, AAON achieved a 25.3% adjusted EBITDA margin, marking considered one of its strongest quarters. Moreover, AAON has introduced its ongoing dedication to the U.S. Division of Power’s Higher Buildings Industrial Constructing Warmth Pump Expertise Problem, collaborating with business leaders to develop superior applied sciences. The mixed analysis and growth initiatives are geared toward producing progressive options to satisfy the DOE’s goals. Notably, AAON is increasing its manufacturing capability and anticipates a softening demand within the brief time period however stays optimistic for restoration and progress into 2025. These current developments point out an organization navigating business shifts whereas capitalizing on rising market segments.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

admin

Share
Published by
admin

Recent Posts

US Economic system Was Already Sputtering Earlier than Commerce Ache Kicked In

(Bloomberg) -- Subscribe to Economics Each day for the newest information and evaluation. After cruising…

11 hours ago

People count on the financial system to bitter — here is when the information may present it

People are feeling more and more downbeat in regards to the financial outlook. Some Wall…

17 hours ago

How Powell may gain advantage Trump as a ‘scapegoat’ if financial system slumps

President Trump backed away from his threats to take away Federal Reserve Chair Jerome Powell.…

17 hours ago

Home GOP Drafts Cuts to Federal Worker Pension System

(Bloomberg) -- Federal worker pension advantages are set to be pared again in Republicans’ big…

18 hours ago

What To Anticipate From Wednesday’s Report On Financial Development

Eric Thayer/Bloomberg by way of Getty Photos The U.S. GDP is anticipated to have grown…

19 hours ago

World breathes sigh of reduction as Trump spares Fed, IMF

By Francesco Canepa, Jan Strupczewski and Leika Kihara WASHINGTON (Reuters) -International policymakers gathering in Washington…

22 hours ago