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.

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