Charles Schwab Investment Management Inc. Sells 3,248 Shares of AAON, Inc. (NASDAQ:AAON)

Charles Schwab Investment Management Inc. lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,855 shares of the construction company’s stock after selling 3,248 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.87% of AAON worth $76,012,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of AAON during the second quarter worth about $29,000. Blue Trust Inc. increased its holdings in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of AAON in the second quarter worth approximately $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON during the third quarter valued at approximately $37,000. Finally, Signaturefd LLC boosted its position in shares of AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after buying an additional 238 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 3.1 %

AAON opened at $136.03 on Thursday. AAON, Inc. has a twelve month low of $61.09 and a twelve month high of $144.07. The company’s 50-day moving average price is $116.63 and its two-hundred day moving average price is $95.84. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 59.93 and a beta of 0.79. 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 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 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 the consensus estimate of $315.80 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. AAON’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid 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 dividend yield of 0.24%. AAON’s payout ratio is 14.10%.

Insider Buying and Selling

In related news, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,967 shares of company stock valued at $6,271,357. 18.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAON. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson increased their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company 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.