Eagle Asset Management Inc. Sells 154,990 Shares of AAON, Inc. (NASDAQ:AAON)

Eagle Asset Management Inc. lowered its position in AAON, Inc. (NASDAQ:AAON) by 28.4% in the third quarter, Holdings Channel.com reports. The fund owned 391,479 shares of the construction company’s stock after selling 154,990 shares during the period. Eagle Asset Management Inc.’s holdings in AAON were worth $42,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of AAON in the 2nd quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of AAON in the 2nd quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in shares of AAON in the 3rd quarter worth approximately $37,000. Finally, Signaturefd LLC raised its holdings in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,217 shares of company stock valued at $5,467,162. Company insiders own 18.55% of the company’s stock.

AAON Trading Up 1.4 %

AAON stock opened at $137.42 on Friday. The business has a fifty day moving average price of $114.05 and a 200 day moving average price of $94.31. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 60.54 and a beta of 0.79. 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 results on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. Analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

Wall Street Analyst Weigh In

AAON has been the subject of a number of recent research reports. DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

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.