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

AAON, Inc. (NASDAQ:AAON) VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AAON Stock Performance

Shares of AAON stock opened at $134.63 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 59.31 and a beta of 0.79. AAON, Inc. has a one year low of $59.71 and a one year high of $144.07. The company has a 50 day moving average price of $108.85 and a 200 day moving average price of $92.56.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share 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 business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period last year, the company posted $0.64 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

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. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. AAON’s dividend payout ratio is currently 14.10%.

Institutional Trading of AAON

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. grew its stake in AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after buying an additional 156 shares during the period. Ascent Wealth Partners LLC boosted its position in AAON by 1.1% during the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after purchasing an additional 178 shares during the period. Blue Trust Inc. increased its holdings in AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. New York State Teachers Retirement System raised its position in AAON by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of AAON by 63.5% during the second 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. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAON. Sidoti lowered shares of 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. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird lifted their target price on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a 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 given a strong buy rating to the stock. According to data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and a consensus target price 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.