AAON, Inc. (NASDAQ:AAON) VP Sells $192,033.94 in Stock

AAON, Inc. (NASDAQ:AAON) VP Casey Kidwell sold 1,421 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were 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 in the company, valued at $669,348.42. This trade represents a 22.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Casey Kidwell also recently made the following trade(s):

• On Tuesday, November 12th, Casey Kidwell sold 4,796 shares of AAON stock. The shares were sold at an average price of $136.38, for a total value of $654,078.48.

AAON Trading Up 0.7 %

AAON stock opened at $132.05 on Thursday. AAON, Inc. has a 1-year low of $61.09 and a 1-year high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $113.21 and its 200-day moving average is $94.02. The firm has a market cap of $10.73 billion, a P/E ratio of 58.17 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its quarterly earnings data 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. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same period in the prior year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is presently 14.10%.

Institutional Trading of AAON

Hedge funds have recently modified their holdings of the company. ORG Partners LLC bought a new stake in AAON during the 2nd quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in shares of 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 last quarter. Crewe Advisors LLC acquired a new stake in shares of AAON in the second quarter valued at $35,000. Westside Investment Management Inc. bought a new position in shares of AAON in the third quarter valued at about $36,000. Finally, ORG Wealth Partners LLC acquired a new position in AAON during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a 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 report on Friday, November 8th. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Sidoti lowered 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 research note on Tuesday, October 22nd. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.