AAON - Insider Transaction: Norman H Asbjornson Sells $1.60M Worth Of AAON Shares | Benzinga
Making a noteworthy insider sell on March 13, Norman H Asbjornson, Director at AAON (NASDAQ:AAON), is reported in the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Asbjornson sold 19,888 shares of AAON. The total transaction value is $1,600,589.
AAON's shares are actively trading at $80.4, experiencing a up of 0.51% during Wednesday's morning session.
Discovering AAON: A Closer Look
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
AAON: Financial Performance Dissected
Revenue Growth: Over the 3 months period, AAON showcased positive performance, achieving a revenue growth rate of 20.44% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Key Profitability Indicators:
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Gross Margin: Achieving a high gross margin of 36.44%, ...