10% Stake in AAON Sold for $6.34M by Owner
December 17, 2023
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An owner of 10% of AAON ($NASDAQ:AAON), Inc., a leading manufacturer of commercial and residential comfort solutions, has sold a stake valued at $6.34M. AAON is a publicly traded company on the NASDAQ stock exchange and is headquartered in Tulsa, Oklahoma. It manufactures air conditioning and heating equipment, including rooftop units, air handling units, condensing units, industrial air handlers and make-up air units. AAON has been a leader in the industry for over three decades, providing quality products and excellent customer service to its customers. The sale of the 10% stake is a testament to the company’s growth and success as an industry leader.
With this infusion of capital, the company is well-positioned to continue its mission of delivering efficient and reliable heating and cooling solutions to its customers. This sale of shares is also a great opportunity for investors to benefit from the company’s successful track record. As a publicly traded company on the NASDAQ exchange, investors can be confident that their investments will be secure and profitable. With AAON’s continued commitment to providing quality products and services to its customers, there is sure to be strong returns on investments for many years to come.
Analysis
GoodWhale recently conducted an analysis of AAON‘s wellbeing and found that it has a high health score of 9/10 based on our Star Chart metric. This score indicates that AAON is capable to sustain its future operations even in times of economic crisis due to its strong cashflows and debt. Our analysis has also classified AAON as a ‘gorilla’ type of company, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Due to its strong asset, dividend, growth, and profitability, investors who have a long-term perspective and want to benefit from steady returns over the years will be interested in investing in AAON. Furthermore, those who are looking for growth opportunities will be attracted by the company’s competitive advantages and strong track record in delivering high earnings growth. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aaon. AAON_Sold_for_6.34M_by_Owner”>More…
| Total Revenues | Net Income | Net Margin |
| 1.12k | 169.47 | 15.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aaon. AAON_Sold_for_6.34M_by_Owner”>More…
| Operations | Investing | Financing |
| 125.05 | -95.16 | -18.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aaon. AAON_Sold_for_6.34M_by_Owner”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 944.54 | 262.06 | 8.4 |
Key Ratios Snapshot
Some of the financial key ratios for Aaon are shown below. AAON_Sold_for_6.34M_by_Owner”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.0% | 28.3% | 18.8% |
| FCF Margin | ROE | ROA |
| 2.7% | 19.6% | 13.9% |
Peers
The competition between AAON Inc and its competitors is fierce. Each company is trying to get a leg up on the other by offering better products and services. Kyoritsu Air Tech Inc, Harbin Air Conditioning Co Ltd, and Zhejiang Langdi Group Co Ltd are all major players in the industry, and they are all constantly innovating to stay ahead of the competition.
– Kyoritsu Air Tech Inc ($TSE:5997)
Kyoritsu Air Tech Inc has a market cap of 2.25B as of 2022, a Return on Equity of 4.9%. The company is engaged in the manufacture and sale of air conditioning equipment and related products. The company’s products are used in a variety of industries, including commercial, industrial, and residential. Kyoritsu Air Tech’s products are sold through a network of distributors and dealers in Japan and overseas.
– Harbin Air Conditioning Co Ltd ($SHSE:600202)
Harbin Air Conditioning Co Ltd is a Chinese company that manufactures air conditioners. The company has a market capitalization of 1.97 billion as of 2022 and a return on equity of 4.63%. The company’s products are sold in over 60 countries and regions. Harbin Air Conditioning Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
– Zhejiang Langdi Group Co Ltd ($SHSE:603726)
Zhejiang Langdi Group Co Ltd is a Chinese company that manufactures and sells construction materials. The company has a market cap of 2.88 billion as of 2022 and a return on equity of 7.03%. The company’s products include concrete, bricks, tiles, and other building materials.
Summary
Investors should pay close attention to AAON following news that a 10% owner has sold a stake worth $6.34M. It is important to note that the owner is a long-term shareholder and the sale of the stake could be a signal of their outlook for the company. When analyzing the company, investors should consider its performance, competitive advantage, industry outlook, financials, and management team. It is important to understand how the company’s products and services have been performing in recent quarters and how the company is positioning itself in the industry.
Additionally, investors should take a closer look at the company’s financials to determine if the stock is a good value. Finally, investors should evaluate the management team to ensure they are capable of executing their strategy and achieving the company’s goals.
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