Daiwa Securities Group Inc. Sells 7,315 Shares of AAON, Inc. (NASDAQ:AAON)

Daiwa Securities Group Inc. lowered its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 7.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,566 shares of the construction company's stock after selling 7,315 shares during the quarter. Daiwa Securities Group Inc. owned 0.12% of AAON worth $10,414,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AAON. NBC Securities Inc. grew 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 acquiring an additional 156 shares during the last quarter. Ascent Wealth Partners LLC grew its position in AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company's stock worth $1,456,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 during the period. New York State Teachers Retirement System raised its position in shares of AAON by 1.0% during the third quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company's stock valued at $2,083,000 after buying an additional 200 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of AAON by 63.5% in 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 period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AAON Price Performance

Shares of AAON stock traded up $0.17 during midday trading on Monday, hitting $137.59. 604,609 shares of the company were exchanged, compared to its average volume of 601,018. The firm has a 50 day simple moving average of $114.92 and a 200-day simple moving average of $94.98. AAON, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07. The firm has a market cap of $11.18 billion, a P/E ratio of 61.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON's payout ratio is 14.10%.

Insider Activity

In other news, CEO Gary D. Fields sold 35,000 shares of the company'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 transaction of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, VP Casey Kidwell sold 4,796 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,217 shares of company stock worth $5,467,162. Insiders own 18.55% 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.