Casey Kidwell Sells 4,796 Shares of AAON, Inc. (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON) VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AAON Stock Performance

Shares of AAON opened at $133.18 on Friday. The stock’s 50-day simple moving average is $108.85 and its 200 day simple moving average is $92.56. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 58.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating 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 was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. Research analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend 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 currently 14.10%.

Analyst Ratings Changes

Several research firms have weighed in on AAON. DA Davidson increased their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird upped their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Institutional Investors Weigh In On AAON

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after buying an additional 61,544 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after purchasing an additional 8,613 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock valued at $5,186,000 after purchasing an additional 26,141 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in AAON by 18.9% during the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after buying an additional 94,026 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after buying an additional 6,766 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Company 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.