AAON, Inc. (NASDAQ:AAON) Stock Position Lowered by Inspire Investing LLC

Inspire Investing LLC lessened its position in AAON, Inc. (NASDAQ:AAON) by 13.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,573 shares of the construction company’s stock after selling 871 shares during the quarter. Inspire Investing LLC’s holdings in AAON were worth $656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of AAON during the third quarter worth $36,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the third quarter worth $37,000. UMB Bank n.a. raised its position in shares of AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock worth $38,000 after purchasing an additional 131 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of AAON during the third quarter worth $43,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAON shares. Robert W. Baird boosted their target price on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at approximately $2,386,986. This represents a 22.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the sale, the vice president now owns 4,558 shares of the company’s stock, valued at approximately $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock worth $7,663,726 over the last 90 days. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Performance

Shares of AAON stock opened at $132.71 on Friday. AAON, Inc. has a 1-year low of $69.54 and a 1-year high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 58.46 and a beta of 0.87. The stock’s fifty day simple moving average is $128.76 and its 200-day simple moving average is $110.35.

AAON (NASDAQ:AAON) last issued its quarterly earnings results 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 return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. AAON’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $0.08 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON’s dividend payout ratio (DPR) is currently 14.10%.

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.