AAON, Inc. (NASDAQ:AAON) VP Sells $702,368.38 in Stock

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,362 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AAON Stock Down 4.7 %

Shares of NASDAQ:AAON opened at $122.57 on Thursday. The firm has a market capitalization of $9.96 billion, a P/E ratio of 54.00 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a 50 day moving average price of $124.75 and a 200-day moving average price of $101.90. AAON, Inc. has a 52-week low of $68.38 and a 52-week high of $144.07.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Institutional Investors Weigh In On AAON

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% during the third 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 during the 2nd quarter valued at approximately $35,000. Westside Investment Management Inc. bought a new position in AAON during the 3rd quarter valued at approximately $36,000. ORG Wealth Partners LLC purchased a new position in AAON during the third quarter valued at $37,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in AAON in the third quarter worth $43,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AAON. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. DA Davidson upped their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two equities research 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, AAON has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

About AAON

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.