AAON, Inc. $AAON Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in AAON, Inc. (NASDAQ:AAON) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,396,501 shares of the construction company’s stock after selling 77,588 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of AAON worth $487,733,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after acquiring an additional 65,813 shares during the last quarter. NewEdge Advisors LLC increased its position in AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after purchasing an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after purchasing an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

NASDAQ:AAON opened at $93.66 on Wednesday. The firm’s fifty day simple moving average is $89.72 and its 200 day simple moving average is $90.62. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 72.05, a PEG ratio of 2.87 and a beta of 1.24.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that AAON, Inc. will post 2 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 18th. AAON’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAON. Oppenheimer reissued an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, DA Davidson reissued a “buy” rating and set a $120.00 price target on shares of AAON in a research report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

Insider Activity at AAON

In other news, CAO Rebecca Thompson sold 21,914 shares of AAON stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the sale, the chief accounting officer owned 27,681 shares in the company, valued at $2,773,913.01. This trade represents a 44.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Casey Kidwell sold 5,225 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the transaction, the insider owned 12,662 shares of the company’s stock, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,118 shares of company stock worth $3,665,241 over the last three months. 18.09% of the stock is currently owned by corporate insiders.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.