AAON, Inc. (NASDAQ:AAON) CEO Sells $4,621,050.00 in Stock

AAON, Inc. (NASDAQ:AAON) CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

AAON Price Performance

NASDAQ:AAON opened at $131.16 on Wednesday. AAON, Inc. has a 52 week low of $61.09 and a 52 week 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 company has a market capitalization of $10.66 billion, a P/E ratio of 57.78 and a beta of 0.79. The stock’s fifty day moving average is $112.40 and its two-hundred day moving average is $93.76.

AAON (NASDAQ:AAON) last issued its quarterly earnings data 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 return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.24%. AAON’s payout ratio is presently 14.10%.

Institutional Investors Weigh In On AAON

Institutional investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of AAON in the second quarter valued at $29,000. Blue Trust Inc. grew its stake in shares of AAON by 202.0% in the third 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 acquired a new stake in shares of AAON in the second quarter valued at $35,000. ORG Wealth Partners LLC acquired a new position in AAON during the 3rd quarter worth $37,000. Finally, Signaturefd LLC grew its stake in AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAON. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AAON 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.