Eagle Asset Management Inc. Sells 154,990 Shares of AAON, Inc. (NASDAQ:AAON)

Eagle Asset Management Inc. trimmed its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 28.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 391,479 shares of the construction company's stock after selling 154,990 shares during the quarter. Eagle Asset Management Inc. owned 0.48% of AAON worth $42,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 198 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of AAON in the second quarter valued at $29,000. ORG Wealth Partners LLC purchased a new stake in shares of AAON in the third quarter valued at $37,000. Crewe Advisors LLC acquired a new stake in shares of AAON in the second quarter worth $35,000. Finally, Signaturefd LLC grew its holdings 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 in the last quarter. Institutional investors own 70.81% of the company's stock.

AAON Stock Performance

AAON traded up $1.86 during midday trading on Friday, reaching $137.42. The company's stock had a trading volume of 564,509 shares, compared to its average volume of 510,125. 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 fifty day simple moving average of $114.92 and a 200 day simple moving average of $94.74. The stock has a market cap of $11.17 billion, a P/E ratio of 60.54 and a beta of 0.79. AAON, Inc. has a twelve month low of $61.09 and a twelve month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data 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. The business 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%. AAON's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. Research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

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

Insider Activity at AAON

In other news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction dated 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 approximately $669,348.42. The trade was a 22.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of AAON 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 sale, the chief executive officer now directly owns 64,295 shares in the company, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. 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. Company insiders own 18.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAON shares. Sidoti lowered 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. DA Davidson upped their price objective on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, Robert W. Baird increased their price objective 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 company. Based on data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and a consensus price target 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.