AAON, Inc. (NASDAQ:AAON) Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 38.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,272 shares of the construction company's stock after selling 97,527 shares during the quarter. Principal Financial Group Inc. owned 0.19% of AAON worth $16,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAON. Vaughan Nelson Investment Management L.P. lifted its holdings in AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company's stock worth $95,010,000 after buying an additional 561,195 shares during the last quarter. Blair William & Co. IL purchased a new stake in AAON in the 2nd quarter valued at $44,934,000. Millennium Management LLC boosted its stake in shares of AAON by 212.3% in the second quarter. Millennium Management LLC now owns 656,552 shares of the construction company's stock valued at $57,278,000 after buying an additional 446,344 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in AAON by 552.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company's stock worth $30,541,000 after buying an additional 296,423 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new stake in AAON during the second quarter worth $15,700,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent research reports. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and increased their price target for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson lifted their price objective on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, Robert W. Baird raised 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. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

AAON Stock Down 0.7 %

Shares of NASDAQ AAON traded down $0.95 on Friday, hitting $132.23. The company had a trading volume of 147,808 shares, compared to its average volume of 600,892. 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, Inc. has a 12-month low of $61.09 and a 12-month high of $144.07. The firm has a market capitalization of $10.75 billion, a P/E ratio of 58.67 and a beta of 0.79. The business has a 50 day moving average of $108.85 and a two-hundred day moving average of $92.56.

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

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON's payout ratio is 14.10%.

Insider Activity

In other news, VP Casey Kidwell sold 4,796 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.55% of the stock is owned by insiders.

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.