New York State Common Retirement Fund Sells 18,275 Shares of AAON, Inc. $AAON

New York State Common Retirement Fund reduced its stake in AAON, Inc. (NASDAQ:AAON) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,813 shares of the construction company’s stock after selling 18,275 shares during the quarter. New York State Common Retirement Fund owned 0.16% of AAON worth $9,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of AAON during the second quarter worth about $51,441,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of AAON by 73.1% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 623,811 shares of the construction company’s stock valued at $46,006,000 after purchasing an additional 263,434 shares during the last quarter. Advantage Alpha Capital Partners LP acquired a new position in AAON during the second quarter worth $5,574,000. State Board of Administration of Florida Retirement System grew its position in AAON by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,299 shares of the construction company’s stock valued at $3,783,000 after purchasing an additional 240 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in AAON by 29.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 9,447 shares of the construction company’s stock worth $697,000 after buying an additional 2,166 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other AAON news, Director Gary D. Fields sold 26,746 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the transaction, the director owned 26,340 shares in the company, valued at $2,771,231.40. This trade represents a 50.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DA Davidson dropped their target price on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating and set a $115.00 price objective on shares of AAON in a research note on Friday, November 7th. Robert W. Baird lowered their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.60.

AAON Stock Down 2.0%

AAON stock opened at $86.85 on Friday. The stock has a market cap of $7.09 billion, a P/E ratio of 71.78 and a beta of 1.06. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $139.09. The company’s 50-day moving average price is $97.45 and its two-hundred day moving average price is $87.98.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The company had revenue of $322.05 million during the quarter. As a group, analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio is currently 33.06%.

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.