Janney Montgomery Scott LLC Sells 7,014 Shares of AAON, Inc. (NASDAQ:AAON)

Janney Montgomery Scott LLC reduced its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,632 shares of the construction company's stock after selling 7,014 shares during the period. Janney Montgomery Scott LLC's holdings in AAON were worth $4,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake 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 purchasing an additional 198 shares during the period. Westside Investment Management Inc. acquired a new position in AAON during the third quarter valued at $36,000. ORG Wealth Partners LLC acquired a new stake in AAON during the 3rd quarter worth about $37,000. UMB Bank n.a. increased its holdings in shares of AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after purchasing an additional 131 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of AAON in the third quarter worth approximately $43,000. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

AAON traded up $6.20 during trading on Thursday, reaching $116.60. 1,011,231 shares of the company's stock were exchanged, compared to its average volume of 718,791. The business has a 50 day moving average price of $127.57 and a 200 day moving average price of $111.03. The company has a market capitalization of $9.48 billion, a P/E ratio of 51.37 and a beta of 0.87. AAON, Inc. has a fifty-two week low of $70.14 and a fifty-two week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

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, beating analysts' consensus estimates of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company's quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. AAON's payout ratio is presently 14.10%.

Wall Street Analyst Weigh In

AAON has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and increased their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AAON presently has an average rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Activity

In related news, CEO Gary D. Fields sold 35,000 shares of the business'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 completion of the sale, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Casey Kidwell sold 4,796 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,329 shares of company stock worth $7,663,726. Corporate 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.