Raymond James Financial Services Advisors Inc. Trims Stock Position in AAON, Inc. (NASDAQ:AAON)

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,287 shares of the construction company’s stock after selling 408 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.19% of AAON worth $5,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AAON. Group One Trading L.P. purchased a new position in shares of AAON during the first quarter worth $39,000. Citigroup Inc. raised its holdings in shares of AAON by 7.4% during the first quarter. Citigroup Inc. now owns 39,894 shares of the construction company’s stock worth $2,223,000 after purchasing an additional 2,740 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of AAON by 55.6% during the first quarter. MetLife Investment Management LLC now owns 22,269 shares of the construction company’s stock worth $1,241,000 after purchasing an additional 7,960 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of AAON by 3.2% during the first quarter. Rhumbline Advisers now owns 122,265 shares of the construction company’s stock worth $6,814,000 after purchasing an additional 3,737 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of AAON by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,706 shares of the construction company’s stock worth $1,990,000 after purchasing an additional 4,402 shares during the last quarter. Hedge funds and other institutional investors own 70.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AAON shares. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, November 19th. TheStreet raised shares of AAON from a “c+” rating to a “b” rating in a report on Wednesday, November 9th. CJS Securities started coverage on shares of AAON in a report on Thursday, September 15th. They issued an “outperform” rating and a $73.00 price objective for the company. Finally, DA Davidson lifted their price objective on shares of AAON to $75.00 in a report on Tuesday, November 15th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $78.64, for a total transaction of $393,200.00. Following the completion of the sale, the chief executive officer now owns 38,189 shares of the company’s stock, valued at $3,003,182.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Rebecca Thompson sold 15,500 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the transaction, the chief financial officer now directly owns 9,877 shares in the company, valued at $790,653.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $78.64, for a total transaction of $393,200.00. Following the transaction, the chief executive officer now owns 38,189 shares in the company, valued at $3,003,182.96. The disclosure for this sale can be found here. Insiders sold 42,158 shares of company stock valued at $2,977,974 over the last 90 days. Corporate insiders own 19.27% of the company’s stock.

AAON Stock Up 1.6 %

AAON stock opened at $75.61 on Wednesday. The stock has a market capitalization of $4.02 billion, a P/E ratio of 60.49 and a beta of 0.81. The firm has a 50-day simple moving average of $76.27 and a 200-day simple moving average of $64.14. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.15. AAON, Inc. has a 52 week low of $47.50 and a 52 week high of $83.00.

AAON (NASDAQ:AAON – Get Rating) last released its earnings results on Monday, November 7th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The business had revenue of $242.61 million during the quarter. AAON had a net margin of 8.78% and a return on equity of 14.48%. Equities analysts forecast that AAON, Inc. will post 1.7 earnings per share for the current fiscal year.

AAON Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a dividend yield of 0.6%. This is a boost from AAON’s previous Semi-Annual dividend of $0.19. AAON’s payout ratio is currently 38.40%.

AAON Company Profile

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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.