Eagle Asset Management Inc. Has $42.22 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Eagle Asset Management Inc. cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 28.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,479 shares of the construction company’s stock after selling 154,990 shares during the period. Eagle Asset Management Inc. owned approximately 0.48% of AAON worth $42,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AAON. Vanguard Group Inc. raised its position in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after purchasing an additional 61,544 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of AAON during the first quarter worth $518,000. PEAK6 Investments LLC raised its position in shares of AAON by 31.6% during the first quarter. PEAK6 Investments LLC now owns 8,790 shares of the construction company’s stock worth $774,000 after purchasing an additional 2,109 shares during the period. Price T Rowe Associates Inc. MD raised its position in AAON by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company’s stock valued at $49,595,000 after buying an additional 6,766 shares during the period. Finally, Bamco Inc. NY raised its position in AAON by 13.6% during the first quarter. Bamco Inc. NY now owns 218,889 shares of the construction company’s stock valued at $19,284,000 after buying an additional 26,190 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Trading Up 1.4 %

NASDAQ:AAON opened at $137.42 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $11.17 billion, a P/E ratio of 60.54 and a beta of 0.79. The stock’s 50 day moving average price is $114.05 and its 200 day moving average price is $94.31. AAON, Inc. has a 52 week low of $61.09 and a 52 week high of $144.07.

AAON (NASDAQ:AAON) last released 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 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 the consensus estimate of $315.80 million. During the same quarter last year, the firm earned $0.64 EPS. AAON’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

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

Insider Buying and Selling

In related news, VP Casey Kidwell sold 1,421 shares of the 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 owns 4,953 shares in the company, valued at $669,348.42. This represents a 22.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $8,488,868.85. The trade was a 35.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,217 shares of company stock valued at $5,467,162. Company insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.