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 transaction of $702,368.38. Following 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 document filed with the SEC, which can be accessed through this link.

AAON Price Performance

Shares of AAON stock traded down $3.88 on Tuesday, reaching $130.78. The company’s stock had a trading volume of 17,168 shares, compared to its average volume of 585,836. The company has a market capitalization of $10.63 billion, a P/E ratio of 59.32 and a beta of 0.83. AAON, Inc. has a 52-week low of $68.38 and a 52-week high of $144.07. The stock has a 50-day moving average price of $124.36 and a 200-day moving average price of $101.52. 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 (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 the consensus estimate 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 return on equity of 24.98% and a net margin of 15.78%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business 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 $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 payout ratio is currently 14.10%.

Hedge Funds Weigh In On AAON

Large investors have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of AAON in the 2nd quarter valued at $35,000. Westside Investment Management Inc. acquired a new position in shares of AAON in the 3rd quarter valued at $36,000. ORG Wealth Partners LLC acquired a new position in shares of AAON in the 3rd quarter valued at $37,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AAON in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the topic of a number of recent research reports. DA Davidson upped their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Robert W. Baird upped their price target 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. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two 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 stock. Based on data from MarketBeat, the company currently has a consensus 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.