Algert Global LLC Lowers Stock Position in AAON, Inc. (NASDAQ:AAON)

Algert Global LLC trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 78.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,379 shares of the construction company’s stock after selling 16,010 shares during the quarter. Algert Global LLC’s holdings in AAON were worth $472,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. NBC Securities Inc. lifted its position in shares of AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in AAON by 1.1% in the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 178 shares in the last quarter. Blue Trust Inc. grew its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of AAON by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after purchasing an additional 200 shares in the last quarter. Finally, Signaturefd LLC increased its position in AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after buying an additional 238 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at $669,348.42. The trade was a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,967 shares of company stock worth $6,271,357. 18.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AAON. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, October 28th. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and upped their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird increased their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson upped their price target on shares of AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

AAON Stock Up 0.3 %

AAON opened at $136.34 on Friday. The company has a fifty day moving average of $118.73 and a two-hundred day moving average of $96.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 60.06 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same period last year, the business earned $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

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.