Charles Schwab Investment Management Inc. Lowers Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Charles Schwab Investment Management Inc. lowered its position in shares of AAON, Inc. (NASDAQ:AAON) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 704,855 shares of the construction company’s stock after selling 3,248 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AAON were worth $76,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAON. ORG Partners LLC purchased a new position in shares of AAON during the 2nd quarter valued at $29,000. Blue Trust Inc. grew its position in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares in the last quarter. Crewe Advisors LLC bought a new position in AAON in the 2nd quarter worth about $35,000. ORG Wealth Partners LLC purchased a new stake in shares of AAON in the 3rd quarter valued at about $37,000. Finally, Signaturefd LLC boosted its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AAON shares. Robert W. Baird raised their target price 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 lifted their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. 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, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,967 shares of company stock valued at $6,271,357 over the last three months. 18.55% of the stock is owned by company insiders.

AAON Price Performance

Shares of NASDAQ:AAON opened at $136.03 on Thursday. The company’s fifty day moving average is $116.63 and its 200 day moving average is $95.84. 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, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07. The stock has a market cap of $11.06 billion, a PE ratio of 59.93 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The business 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s dividend payout ratio (DPR) is presently 14.10%.

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.