AAON (NASDAQ:AAON) Shares Down 4.8% After Insider Selling

AAON, Inc. (NASDAQ:AAON - Get Free Report)'s share price fell 4.8% during trading on Tuesday following insider selling activity. The company traded as low as $127.57 and last traded at $128.16. 187,232 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 586,501 shares. The stock had previously closed at $134.66.

Specifically, VP Stephen E. Wakefield sold 5,362 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the transaction, the vice president now owns 4,558 shares of the company's stock, valued at $597,052.42. This represents a 54.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

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

AAON Stock Performance

The stock has a market capitalization of $10.46 billion, a P/E ratio of 56.52 and a beta of 0.83. 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 company has a 50-day moving average price of $124.36 and a two-hundred day moving average price of $101.52.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. The company's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, November 29th. AAON's payout ratio is 14.10%.

Hedge Funds Weigh In On AAON

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors grew its holdings in shares of AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company's stock valued at $949,000 after buying an additional 89 shares during the last quarter. NBC Securities Inc. raised its stake in shares of AAON by 4.5% in the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company's stock worth $388,000 after purchasing an additional 156 shares during the last quarter. Ascent Wealth Partners LLC boosted its position in shares of AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company's stock valued at $1,456,000 after buying an additional 178 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of AAON by 3.1% in the third quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company's stock valued at $699,000 after purchasing an additional 192 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in AAON by 202.0% in 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 last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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.