AAON, Inc. (NASDAQ:AAON) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in AAON, Inc. (NASDAQ:AAON) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,118 shares of the construction company’s stock after selling 4,388 shares during the quarter. Stifel Financial Corp owned about 0.07% of AAON worth $6,052,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AAON. Quantinno Capital Management LP lifted its holdings in shares of AAON by 3.1% during the third quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company’s stock valued at $699,000 after purchasing an additional 192 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of AAON by 46.6% during the third quarter. HighTower Advisors LLC now owns 13,043 shares of the construction company’s stock valued at $1,408,000 after purchasing an additional 4,146 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of AAON during the third quarter valued at $8,000,000. Wasatch Advisors LP lifted its holdings in shares of 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 during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. The trade was a 36.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,967 shares of company stock worth $6,961,357. 18.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AAON has been the subject of several analyst reports. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and upped their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird upped 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. Finally, Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Stock Performance

Shares of AAON stock opened at $131.32 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a fifty-two week low of $67.99 and a fifty-two week high of $144.07. The stock’s 50-day moving average is $123.82 and its two-hundred day moving average is $100.76. The firm has a market cap of $10.67 billion, a P/E ratio of 57.85 and a beta of 0.83.

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

AAON Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

AAON 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.