Insider Selling: AAON, Inc. (NASDAQ:AAON) CEO Sells 35,000 Shares of Stock

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

AAON Stock Performance

NASDAQ:AAON traded down $2.12 during trading hours on Monday, hitting $131.34. 574,194 shares of the company traded hands, compared to its average volume of 602,487. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $61.09 and a twelve month high of $144.07. The firm has a 50-day moving average of $110.69 and a 200 day moving average of $93.10. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 57.86 and a beta of 0.79.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts forecast 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 issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s payout ratio is presently 14.10%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AAON. Vanguard Group Inc. raised its stake 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 valued at $641,267,000 after buying an additional 61,544 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company’s stock worth $229,180,000 after purchasing an additional 39,059 shares in the last quarter. State Street Corp lifted its stake in AAON by 0.6% during the third quarter. State Street Corp now owns 1,977,531 shares of the construction company’s stock worth $213,257,000 after purchasing an additional 12,502 shares during the period. Wasatch Advisors LP boosted its holdings in AAON by 39.1% during the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company’s stock valued at $201,310,000 after purchasing an additional 525,132 shares in the last quarter. Finally, FMR LLC grew its stake in shares of AAON by 9.6% in 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 period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAON has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Finally, StockNews.com raised shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

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.