AAON, Inc. (NASDAQ:AAON) CEO Gary D. Fields Sells 35,000 Shares

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

AAON Price Performance

NASDAQ:AAON opened at $132.05 on Thursday. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The company has a market cap of $10.73 billion, a P/E ratio of 58.17 and a beta of 0.79. The firm’s fifty day moving average price is $113.21 and its two-hundred day moving average price is $94.02. 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 (NASDAQ:AAON) last released its quarterly earnings data 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 net margin of 15.78% and a return on equity of 24.98%. The firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect 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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio is 14.10%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AAON. Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson lifted their price objective on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Two investment 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 company’s stock. According to MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Institutional Investors Weigh In On AAON

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted 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 purchasing an additional 198 shares during the period. Westside Investment Management Inc. acquired a new position in AAON during the third quarter worth about $36,000. ORG Partners LLC acquired a new position in AAON during the second quarter worth about $29,000. ORG Wealth Partners LLC acquired a new position in AAON during the third quarter worth about $37,000. Finally, Crewe Advisors LLC acquired a new position in AAON during the second quarter worth about $35,000. Institutional investors own 70.81% of the company’s stock.

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.