Insider Spends US$484k Buying More Shares In AAON

Investors who take an interest in AAON, Inc. (NASDAQ:AAON) should definitely note that the Executive VP & GM of AAON Products Business Unit, Stephen Wakefield, recently paid US$78.88 per share to buy US$484k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 28%.

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AAON Insider Transactions Over The Last Year

The Special Advisor & Director, Gary Fields, made the biggest insider sale in the last 12 months. That single transaction was for US$6.0m worth of shares at a price of US$98.66 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$78.07. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$600k for 7.57k shares. But insiders sold 65.48k shares worth US$6.4m. All up, insiders sold more shares in AAON than they bought, over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for AAON

I will like AAON better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of AAON

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that AAON insiders own 17% of the company, worth about US$1.1b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About AAON Insiders?

The recent insider purchase is heartening. However, the longer term transactions are not so encouraging. The recent buying by an insider , along with high insider ownership, suggest that AAON insiders are fairly aligned, and optimistic. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for AAON (2 are significant) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.