Legacy Wealth Asset Management LLC Sells 241 Shares of AAON, Inc. (NASDAQ:AAON)

Legacy Wealth Asset Management LLC cut its stake in AAON, Inc. (NASDAQ:AAON) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,275 shares of the construction company’s stock after selling 241 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in AAON were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. 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 buying an additional 198 shares in the last quarter. Westside Investment Management Inc. bought a new position in AAON during the 3rd quarter valued at $36,000. ORG Wealth Partners LLC purchased a new position in AAON during the 3rd quarter worth $37,000. Wilmington Savings Fund Society FSB bought a new stake in shares of AAON in the 3rd quarter worth $43,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of AAON by 208.0% in the third quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company’s stock valued at $79,000 after purchasing an additional 493 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares in the company, valued at $669,348.42. The trade was a 22.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,329 shares of company stock worth $7,663,726. Company insiders own 18.55% of the company’s stock.

AAON Stock Up 1.2 %

AAON opened at $131.53 on Friday. AAON, Inc. has a twelve month low of $68.38 and a twelve month high of $144.07. The company’s 50-day moving average price is $129.18 and its two-hundred day moving average price is $108.38. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 57.94 and a beta of 0.87. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. AAON’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts expect that AAON, Inc. will post 2.26 earnings per share 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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

Analyst Ratings Changes

Several research analysts recently weighed in on AAON shares. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Robert W. Baird upped their target price on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Sidoti cut AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

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.