Rebecca Thompson Sells 15,500 Shares of AAON, Inc. (NASDAQ:AAON) Stock

AAON, Inc. (NASDAQ:AAONGet Rating) CFO Rebecca Thompson sold 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the sale, the chief financial officer now directly owns 9,877 shares of the company’s stock, valued at approximately $790,653.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AAON Stock Performance

NASDAQ AAON opened at $79.45 on Friday. The company has a fifty day simple moving average of $61.01 and a 200 day simple moving average of $57.40. AAON, Inc. has a 12-month low of $47.50 and a 12-month high of $83.79. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.23 billion, a P/E ratio of 63.56 and a beta of 0.76.

AAON Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 28th will be given a $0.24 dividend. The ex-dividend date is Friday, November 25th. This represents a yield of 0.6%. This is an increase from AAON’s previous Semi-Annual dividend of $0.19. AAON’s dividend payout ratio (DPR) is presently 30.40%.

Institutional Trading of AAON

Several hedge funds have recently bought and sold shares of AAON. Victory Capital Management Inc. grew its position in AAON by 397.1% in the 3rd quarter. Victory Capital Management Inc. now owns 587,605 shares of the construction company’s stock valued at $31,660,000 after purchasing an additional 469,391 shares during the period. Eaton Vance Management lifted its stake in AAON by 81.5% during the 1st quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock valued at $42,749,000 after acquiring an additional 344,398 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in AAON by 14.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,542,306 shares of the construction company’s stock valued at $139,217,000 after acquiring an additional 316,362 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in AAON during the 2nd quarter valued at $13,170,000. Finally, Macquarie Group Ltd. lifted its stake in AAON by 19,788.9% during the 3rd quarter. Macquarie Group Ltd. now owns 217,982 shares of the construction company’s stock valued at $11,758,000 after acquiring an additional 216,886 shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of several recent analyst reports. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday, November 11th. CJS Securities initiated coverage on shares of AAON in a research report on Thursday, September 15th. They set an “outperform” rating and a $73.00 price objective for the company. DA Davidson raised their price objective on shares of AAON to $75.00 in a research report on Tuesday. Finally, TheStreet raised shares of AAON from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.33.

AAON Company Profile

(Get Rating)

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.

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