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

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the transaction, the vice president now owns 9,920 shares in the company, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

AAON Stock Down 3.1 %

Shares of AAON stock opened at $136.03 on Thursday. The stock’s 50-day moving average is $116.63 and its 200 day moving average is $95.84. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 59.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON) last posted its quarterly earnings results 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. The firm had revenue of $327.25 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.64 EPS. Equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Hedge Funds Weigh In On AAON

Several institutional investors have recently made changes to their positions in AAON. Franklin Resources Inc. grew its stake in shares of AAON by 258.8% in the 3rd quarter. Franklin Resources Inc. now owns 330,397 shares of the construction company’s stock valued at $37,014,000 after buying an additional 238,308 shares during the period. Tidal Investments LLC boosted its holdings in AAON by 5.7% in the third quarter. Tidal Investments LLC now owns 13,534 shares of the construction company’s stock worth $1,460,000 after acquiring an additional 732 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in AAON in the third quarter valued at approximately $43,000. Westside Investment Management Inc. acquired a new stake in AAON in the third quarter valued at approximately $36,000. Finally, Geode Capital Management LLC increased its holdings in shares of AAON by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,234,036 shares of the construction company’s stock valued at $133,110,000 after acquiring an additional 6,338 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AAON shares. DA Davidson raised their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” 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. Sidoti cut 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 report on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird boosted their price target on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.00.

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.