Stephen E. Wakefield Sells 5,362 Shares of AAON, Inc. (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the transaction, the vice president now owns 4,558 shares of the company’s stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AAON Stock Up 1.0 %

Shares of AAON stock opened at $123.83 on Friday. The business has a fifty day simple moving average of $125.32 and a 200 day simple moving average of $102.19. The stock has a market cap of $10.06 billion, a PE ratio of 54.55 and a beta of 0.83. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $68.38 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The company 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 company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. Research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio (DPR) is presently 14.10%.

Wall Street Analyst Weigh In

A number of research firms have commented on AAON. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird lifted 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. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and upped their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research 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 presently has an average rating of “Moderate Buy” and an average target price of $133.00.

Institutional Trading of AAON

A number of large investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC lifted its stake in AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock valued at $229,180,000 after buying an additional 39,059 shares in the last quarter. State Street Corp lifted its position in AAON by 0.6% in the 3rd quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock valued at $213,257,000 after acquiring an additional 12,502 shares in the last quarter. Wasatch Advisors LP lifted its position in AAON by 39.1% in the 3rd quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after acquiring an additional 525,132 shares in the last quarter. FMR LLC boosted its stake in AAON by 9.6% in the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock worth $186,509,000 after purchasing an additional 151,540 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in AAON by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock worth $183,135,000 after purchasing an additional 24,384 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.