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

AAON, Inc. (NASDAQ:AAON) VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AAON Price Performance

AAON stock traded down $0.54 during mid-day trading on Wednesday, hitting $137.19. The company’s stock had a trading volume of 86,585 shares, compared to its average volume of 601,980. AAON, Inc. has a twelve month low of $59.71 and a twelve month high of $144.07. The stock’s fifty day moving average price is $107.94 and its two-hundred day moving average price is $92.26. The stock has a market capitalization of $11.15 billion, a P/E ratio of 60.67 and a beta of 0.79. 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 announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating 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 business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same period in the prior year, the business posted $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year. Research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. AAON’s dividend payout ratio is 14.10%.

Analyst Ratings Changes

AAON has been the topic of a number of recent analyst reports. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson upped their price target on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Robert W. Baird lifted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Institutional Investors Weigh In On AAON

Several hedge funds have recently bought and sold shares of AAON. FMR LLC raised its stake in AAON by 9.6% during the 3rd quarter. FMR LLC now owns 1,729,498 shares of the construction company’s stock valued at $186,509,000 after purchasing an additional 151,540 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in AAON by 13,777.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,249 shares of the construction company’s stock worth $135,000 after purchasing an additional 1,240 shares in the last quarter. Swedbank AB lifted its position in shares of AAON by 6.0% during the third quarter. Swedbank AB now owns 177,000 shares of the construction company’s stock worth $19,088,000 after purchasing an additional 10,000 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of AAON in the 3rd quarter valued at $353,000. Finally, Nicolet Advisory Services LLC boosted its holdings in AAON by 7.9% in the third quarter. Nicolet Advisory Services LLC now owns 7,916 shares of the construction company’s stock valued at $849,000 after acquiring an additional 581 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.