Baker Tilly Wealth Management LLC Sells 1,174 Shares of AAON, Inc. (NASDAQ:AAON)

Baker Tilly Wealth Management LLC cut its position in shares of AAON, Inc. (NASDAQ:AAON) by 32.7% during the third quarter, Holdings Channel reports. The institutional investor owned 2,415 shares of the construction company’s stock after selling 1,174 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in AAON were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAON. Vanguard Group Inc. raised its stake in shares of AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after purchasing an additional 8,613 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of AAON by 79.8% in the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after purchasing an additional 26,141 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of AAON by 18.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock worth $52,226,000 after buying an additional 94,026 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of AAON by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock worth $49,595,000 after buying an additional 6,766 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Baird R W upgraded AAON to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $114.00 to $130.00 in a research report on Monday. Finally, Sidoti cut 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 research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.33.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Up 9.1 %

Shares of NASDAQ AAON opened at $121.33 on Tuesday. AAON, Inc. has a 12-month low of $53.64 and a 12-month high of $122.97. The firm’s 50-day simple moving average is $100.92 and its 200 day simple moving average is $89.37. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 56.43 and a beta of 0.80.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. AAON’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 earnings per share. On average, research analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. AAON’s dividend payout ratio (DPR) is currently 14.88%.

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.