AAON, Inc. (NASDAQ:AAON) CFO Sells $690,000.00 in Stock

AAON, Inc. (NASDAQ:AAON - Get Free Report) CFO Rebecca Thompson sold 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AAON Trading Up 1.1 %

NASDAQ:AAON traded up $1.49 during trading hours on Friday, reaching $137.25. 483,099 shares of the stock were exchanged, compared to its average volume of 471,033. The business has a 50-day moving average of $121.49 and a two-hundred day moving average of $99.05. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 60.46 and a beta of 0.83. 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, Inc. has a twelve month low of $62.88 and a twelve month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results 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 business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the company posted $0.64 EPS. The business's revenue was up 4.9% on a year-over-year basis. On average, equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed 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 is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. AAON's dividend payout ratio (DPR) is 14.10%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of AAON by 206.2% in the second quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company's stock valued at $643,000 after buying an additional 4,965 shares during the last quarter. Allied Investment Advisors LLC increased its stake in AAON by 263.1% in the second quarter. Allied Investment Advisors LLC now owns 120,192 shares of the construction company's stock valued at $10,486,000 after purchasing an additional 87,092 shares during the last quarter. Mechanics Bank Trust Department purchased a new position in AAON during the second quarter worth about $309,000. Securian Asset Management Inc. acquired a new stake in AAON in the 2nd quarter worth about $475,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in AAON in the 2nd quarter valued at about $281,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on AAON shares. Robert W. Baird lifted their price objective on AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Sidoti cut shares of AAON from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Finally, DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $133.00.

AAON Company 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.