AAON, Inc. (NASDAQ:AAON) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 18.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,839 shares of the construction company’s stock after selling 640 shares during the quarter. Marco Investment Management LLC’s holdings in AAON were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in shares of AAON during the second quarter worth about $29,000. TFO Wealth Partners LLC acquired a new stake in shares of AAON in the 4th quarter valued at about $27,000. Crewe Advisors LLC purchased a new position in AAON during the 2nd quarter worth approximately $35,000. Signaturefd LLC increased its position in AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares during the period. Finally, GAMMA Investing LLC lifted its stake in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after buying an additional 181 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Stock Performance

Shares of AAON stock opened at $88.26 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $88.74 and a 200-day simple moving average of $84.50. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 41.05 and a beta of 0.79. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $96.55.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. AAON’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, September 6th. AAON’s dividend payout ratio is currently 14.88%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,609 shares of company stock worth $5,441,927. 18.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AAON shares. DA Davidson restated a “buy” rating and set a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Robert W. Baird increased their price target on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Baird R W raised shares of AAON to a “hold” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, AAON has an average rating of “Hold” and a consensus price target of $102.00.

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.