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 firm’s stock in a transaction that occurred 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 sale, 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 legal filing with the SEC, which is available through this hyperlink.

AAON Stock Performance

NASDAQ AAON opened at $136.03 on Friday. 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, Inc. has a 1-year low of $61.09 and a 1-year high of $144.07. The firm has a market capitalization of $11.06 billion, a P/E ratio of 59.93 and a beta of 0.79. The business’s 50-day simple moving average is $117.42 and its 200-day simple moving average is $96.13.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the previous year, the company posted $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 dividend payout ratio (DPR) is 14.10%.

Institutional Trading of AAON

Several large investors have recently added to or reduced their stakes in AAON. O Shaughnessy Asset Management LLC acquired a new position in shares of AAON during the first quarter worth about $518,000. PEAK6 Investments LLC raised its holdings 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 valued at $774,000 after buying an additional 2,109 shares during the period. Price T Rowe Associates Inc. MD lifted its position in 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 acquiring an additional 6,766 shares in the last quarter. Bayesian Capital Management LP acquired a new position in AAON during the 1st quarter worth approximately $281,000. Finally, Janus Henderson Group PLC boosted its holdings in AAON by 79.8% in the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after acquiring an additional 26,141 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in 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. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, DA Davidson upped their price target on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.