Stephen E. Wakefield Sells 5,362 Shares of AAON, Inc. (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAON - Get Free Report) VP Stephen E. Wakefield sold 5,362 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares of the company's stock, valued at $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AAON Stock Performance

Shares of NASDAQ:AAON traded down $5.99 during trading on Tuesday, hitting $128.67. 445,416 shares of the company traded hands, compared to its average volume of 587,610. AAON, Inc. has a one year low of $68.38 and a one year high of $144.07. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 56.52 and a beta of 0.83. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $124.36 and its 200-day moving average is $101.52.

AAON (NASDAQ:AAON - Get Free Report) last issued 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 net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $327.25 million for the quarter, compared to analysts' expectations of $315.80 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company's revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. AAON's dividend payout ratio is currently 14.10%.

Institutional Trading of AAON

Several hedge funds and other institutional investors have recently modified their holdings of AAON. Blue Trust Inc. lifted 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 valued at $32,000 after buying an additional 198 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of AAON during the 2nd quarter valued at $35,000. Westside Investment Management Inc. bought a new position in shares of AAON during the 3rd quarter valued at $36,000. ORG Wealth Partners LLC bought a new stake in AAON in the third quarter worth $37,000. Finally, Wilmington Savings Fund Society FSB bought a new position in AAON during the third quarter valued at about $43,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AAON. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the stock 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 note on Monday, October 28th. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the company 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 upped their price objective for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.

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.