AAON, Inc. (NASDAQ:AAON) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 64.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,980 shares of the construction company's stock after selling 85,297 shares during the period. Ferguson Wellman Capital Management Inc. owned about 0.06% of AAON worth $5,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AAON. NBC Securities Inc. grew its holdings in shares of AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company's stock worth $388,000 after buying an additional 156 shares in the last quarter. Ascent Wealth Partners LLC boosted its holdings in shares of AAON by 1.1% during 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. grew its position in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of AAON by 1.0% in 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 purchasing an additional 200 shares during the last quarter. Finally, Signaturefd LLC lifted its position in AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Down 1.1 %

NASDAQ:AAON traded down $1.45 during mid-day trading on Thursday, hitting $133.18. The stock had a trading volume of 475,016 shares, compared to its average volume of 602,943. 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 stock has a 50-day simple moving average of $108.85 and a two-hundred day simple moving average of $92.56. The company has a market capitalization of $10.82 billion, a PE ratio of 58.67 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 released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. During the same quarter last year, the company earned $0.64 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON's dividend payout ratio (DPR) is 14.10%.

Insiders Place Their Bets

In related news, VP Casey Kidwell sold 4,796 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the sale, the vice president now owns 4,953 shares in the company, valued at $675,490.14. This represents a 49.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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