AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield Sells 5,750 Shares

AAON, Inc. (NASDAQ:AAON) VP Stephen E. Wakefield sold 5,750 shares of the 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 transaction, the vice president now directly owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

AAON Stock Performance

AAON opened at $140.45 on Wednesday. The stock has a market cap of $11.42 billion, a P/E ratio of 60.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm has a fifty day moving average price of $115.75 and a 200 day moving average price of $95.40. AAON, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million for 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 company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. Equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON’s payout ratio is 14.10%.

Institutional Investors Weigh In On AAON

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new position in AAON during the second quarter valued at $29,000. Blue Trust Inc. lifted its stake in 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 buying an additional 198 shares in the last quarter. Crewe Advisors LLC purchased a new position in AAON in the 2nd quarter valued at about $35,000. Westside Investment Management Inc. acquired a new stake in AAON in the 3rd quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in AAON during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. 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 report on Friday, November 8th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and increased their price target for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Finally, Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.