AAON, Inc. (NASDAQ:AAON) VP Sells $804,195.00 in Stock

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,750 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AAON Stock Performance

Shares of AAON stock opened at $136.03 on Thursday. The business’s fifty day simple moving average is $116.63 and its 200 day simple moving average is $95.84. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $61.09 and a 12 month high of $144.07. The firm has a market capitalization of $11.06 billion, a P/E ratio of 59.93 and a beta of 0.79.

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

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s payout ratio is 14.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AAON. Blue Trust Inc. lifted its stake in AAON by 202.0% in 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. Westside Investment Management Inc. purchased a new position in shares of AAON during the 3rd quarter valued at $36,000. ORG Partners LLC bought a new position in shares of AAON during the 2nd quarter worth $29,000. ORG Wealth Partners LLC bought a new position in shares of AAON during the 3rd quarter worth $37,000. Finally, Crewe Advisors LLC purchased a new stake in AAON in the 2nd quarter worth about $35,000. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird increased 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 raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target 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.