AAON, Inc. (NASDAQ:AAON) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 38.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 157,272 shares of the construction company’s stock after selling 97,527 shares during the quarter. Principal Financial Group Inc.’s holdings in AAON were worth $16,960,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors grew its holdings in AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after acquiring an additional 89 shares during the period. NBC Securities Inc. grew its holdings in AAON by 4.5% during the third quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock worth $388,000 after acquiring an additional 156 shares during the period. Ascent Wealth Partners LLC grew its holdings in AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after acquiring an additional 178 shares during the period. Quantinno Capital Management LP grew its holdings in AAON by 3.1% during the third quarter. Quantinno Capital Management LP now owns 6,486 shares of the construction company’s stock worth $699,000 after acquiring an additional 192 shares during the period. Finally, Blue Trust Inc. grew its holdings in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In related news, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,329 shares of company stock worth $7,663,726. 18.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

AAON Stock Performance

Shares of AAON stock opened at $121.42 on Friday. AAON, Inc. has a one year low of $68.38 and a one year high of $144.07. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 53.49 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. The business’s 50 day moving average price is $126.50 and its 200 day moving average price is $103.95.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS 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 company 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 business earned $0.64 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. AAON’s dividend payout ratio is presently 14.10%.

AAON Company 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.