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 company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value 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. This represents a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AAON Stock Performance

Shares of AAON opened at $136.03 on Friday. 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 52-week low of $61.09 and a 52-week high of $144.07. The company has a 50-day simple moving average of $117.42 and a 200-day simple moving average of $96.13. The company has a market capitalization of $11.06 billion, a PE ratio of 59.93 and a beta of 0.79.

AAON (NASDAQ:AAON) last issued its 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. The company had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Equities research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

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

Wall Street Analyst Weigh In

AAON has been the subject of several analyst reports. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. 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 lifted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson increased their price target on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Sidoti lowered AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AAON. O Shaughnessy Asset Management LLC acquired a new stake in AAON in the 1st quarter valued at about $518,000. PEAK6 Investments LLC increased its stake in shares of AAON by 31.6% during the 1st quarter. PEAK6 Investments LLC now owns 8,790 shares of the construction company’s stock worth $774,000 after purchasing an additional 2,109 shares in the last quarter. Price T Rowe Associates Inc. MD raised 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 purchasing an additional 6,766 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in AAON in the 1st quarter valued at approximately $281,000. Finally, Janus Henderson Group PLC grew its holdings in AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after buying an additional 26,141 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.