Aaon director David Stewart buys $74,660 in company stock
AAON Inc. director David Stewart acquired 1,000 shares of the company's common stock worth $74,660 on September 15, 2026. The purchase, made indirectly through IRAs, occurred after a significant drop in stock price over the past six months, with shares falling more than 40%. However, the stock has since recovered to approximately $80.25.
Following this transaction, Stewart now holds indirectly 4,000 shares of AAON common stock. InvestingPro analysis suggests the company is currently undervalued, with a ProTip noting the stock's attractive PEG ratio of 0.32. Additionally, AAON reported impressive third-quarter 2026 financial results, surpassing Wall Street expectations.
The company posted diluted earnings of $0.83 per share on revenue of $707.4 million, marking an 84% increase in net sales compared to the previous year and a more than doubling of operating income. Despite this strong performance, Oppenheimer maintained an Outperform rating but adjusted its price target from $115 to $105, citing valuation concerns.
The firm highlighted AAON's margin outperformance and raised fiscal year 2026 guidance, expressing optimism for the fourth quarter.
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