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 that occurred on 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 owns 4,558 shares of the company’s stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AAON Trading Up 1.0 %

Shares of NASDAQ:AAON opened at $123.83 on Friday. AAON, Inc. has a twelve month low of $68.38 and a twelve month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.06 billion, a P/E ratio of 54.55 and a beta of 0.83. The company has a 50 day moving average of $125.32 and a 200-day moving average of $102.19.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same period last year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, November 29th. AAON’s payout ratio is currently 14.10%.

Wall Street Analyst Weigh In

Several analysts have weighed in on AAON shares. Robert W. Baird boosted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson increased their price target 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 raised their target price for the company from $102.00 to $111.00 in a research note 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 investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AAON has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Institutional Investors Weigh In On AAON

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Conestoga Capital Advisors LLC boosted its holdings in AAON by 1.9% during the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after buying an additional 39,059 shares in the last quarter. State Street Corp increased 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 worth $213,257,000 after purchasing an additional 12,502 shares during the last quarter. Wasatch Advisors LP increased its position in AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock worth $201,310,000 after buying an additional 525,132 shares during the last quarter. FMR LLC boosted its position in AAON by 9.6% during the third 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 boosted its holdings in shares of 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 buying an additional 24,384 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.