Stifel Financial Corp Sells 4,388 Shares of AAON, Inc. (NASDAQ:AAON)

Stifel Financial Corp trimmed its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 7.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 56,118 shares of the construction company's stock after selling 4,388 shares during the quarter. Stifel Financial Corp owned 0.07% of AAON worth $6,052,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. ORG Partners LLC purchased a new stake in shares of AAON during the second quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC bought a new stake in AAON in the 2nd quarter worth $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON in the third quarter valued at about $37,000. Finally, Signaturefd LLC raised its stake 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 acquiring an additional 238 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on AAON shares. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. DA Davidson lifted their price objective on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Robert W. Baird boosted their target price on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and raised their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $133.00.

AAON Stock Up 0.0 %

Shares of AAON traded up $0.05 on Friday, reaching $131.32. The stock had a trading volume of 358,082 shares, compared to its average volume of 589,026. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 57.85 and a beta of 0.83. The company has a 50-day simple moving average of $123.82 and a 200-day simple moving average of $100.76. AAON, Inc. has a 12-month low of $67.99 and a 12-month high of $144.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. Sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON's dividend payout ratio is 14.10%.

Insider Activity

In related news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now owns 9,920 shares of the company's stock, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,967 shares of company stock worth $6,961,357. Insiders own 18.55% of the company's stock.

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.