Stifel Financial Corp Has $6.05 Million Holdings in AAON, Inc. (NASDAQ:AAON)

Stifel Financial Corp cut its stake in AAON, Inc. (NASDAQ:AAON) by 7.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,118 shares of the construction company’s stock after selling 4,388 shares during the quarter. Stifel Financial Corp’s holdings in AAON were worth $6,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Amalgamated Bank increased its holdings in AAON by 65.2% during the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock valued at $3,085,000 after purchasing an additional 13,964 shares in the last quarter. 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 valued at $183,135,000 after purchasing an additional 24,384 shares in the last quarter. Swedbank AB acquired a new stake in AAON during the 2nd quarter valued at $14,569,000. Raymond James & Associates increased its holdings in AAON by 3.4% during the 3rd quarter. Raymond James & Associates now owns 142,930 shares of the construction company’s stock valued at $15,414,000 after purchasing an additional 4,709 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of AAON by 122.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company’s stock valued at $1,777,000 after buying an additional 9,063 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on AAON shares. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and lifted their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Robert W. Baird lifted their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Stock Up 0.0 %

NASDAQ:AAON opened at $131.32 on Friday. AAON, Inc. has a 12-month low of $67.99 and a 12-month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $10.67 billion, a P/E ratio of 57.85 and a beta of 0.83. The stock’s fifty day simple moving average is $123.82 and its 200-day simple moving average is $100.76.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. The trade was a 35.25 % 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 the SEC website. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the sale, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,967 shares of company stock worth $6,961,357. Corporate insiders own 18.55% of the company’s stock.

AAON 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.