AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield Sells 5,750 Shares

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,750 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the sale, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AAON Price Performance

Shares of AAON stock traded up $2.86 during midday trading on Tuesday, hitting $140.45. 445,108 shares of the company were exchanged, compared to its average volume of 600,331. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm has a market cap of $11.42 billion, a P/E ratio of 60.61 and a beta of 0.79. AAON, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07. The firm has a 50 day simple moving average of $115.75 and a 200-day simple moving average of $95.40.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same quarter last year, the company earned $0.64 EPS. AAON’s revenue was up 4.9% on a year-over-year basis. Research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.23%. AAON’s payout ratio is 14.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Robert W. Baird raised their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Hedge Funds Weigh In On AAON

Institutional investors have recently bought and sold shares of the business. ORG Partners LLC bought a new position in AAON in the 2nd quarter valued at $29,000. Blue Trust Inc. raised its position in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. Crewe Advisors LLC bought a new position in AAON in the 2nd quarter valued at $35,000. Westside Investment Management Inc. bought a new position in AAON in the 3rd quarter valued at $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of AAON in the 3rd quarter valued at $37,000. Institutional investors own 70.81% of the company’s stock.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.