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

AAON, Inc. (NASDAQ:AAON) CEO Gary D. Fields sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The shares were 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

AAON Stock Down 0.1 %

AAON stock opened at $131.16 on Wednesday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 57.78 and a beta of 0.79. AAON, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07. The business’s 50-day moving average price is $112.40 and its 200 day moving average price is $93.76. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON’s payout ratio is currently 14.10%.

Institutional Trading of AAON

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in AAON by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,234,036 shares of the construction company’s stock valued at $133,110,000 after purchasing an additional 6,338 shares during the period. Conway Capital Management Inc. acquired a new stake in AAON in the third quarter valued at approximately $270,000. M&T Bank Corp grew its holdings in AAON by 58.0% in the third quarter. M&T Bank Corp now owns 35,592 shares of the construction company’s stock valued at $3,838,000 after purchasing an additional 13,065 shares during the period. Barclays PLC grew its holdings in AAON by 182.2% in the third quarter. Barclays PLC now owns 84,472 shares of the construction company’s stock valued at $9,111,000 after purchasing an additional 54,535 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in AAON in the third quarter valued at approximately $213,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAON has been the topic of a number of research reports. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird increased their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Finally, DA Davidson increased their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and an average 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.