AAON, Inc. (NASDAQ:AAON) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in AAON, Inc. (NASDAQ:AAON) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,462 shares of the construction company’s stock after selling 2,289 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of AAON worth $6,089,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of AAON by 65.2% during the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company’s stock worth $3,085,000 after purchasing an additional 13,964 shares in the last quarter. Geneva Capital Management LLC increased its position in AAON by 1.5% during the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company’s stock worth $183,135,000 after buying an additional 24,384 shares during the period. Swedbank AB purchased a new stake in AAON in the second quarter valued at approximately $14,569,000. Raymond James & Associates boosted its holdings in shares of AAON by 3.4% in the third quarter. Raymond James & Associates now owns 142,930 shares of the construction company’s stock valued at $15,414,000 after acquiring an additional 4,709 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of AAON by 122.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company’s stock worth $1,777,000 after acquiring an additional 9,063 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

AAON stock opened at $135.76 on Friday. The stock’s 50 day moving average price is $120.89 and its 200 day moving average price is $98.47. The firm has a market cap of $11.03 billion, a P/E ratio of 59.81 and a beta of 0.83. 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 1 year low of $62.88 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. On average, sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s dividend payout ratio is currently 14.10%.

Insider Buying and Selling at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,967 shares of company stock valued at $6,271,357 over the last three months. 18.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on AAON shares. Robert W. Baird raised their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Sidoti lowered AAON from a “buy” rating to a “neutral” rating and boosted their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

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.