AAON, Inc. $AAON Holdings Cut by Capital International Investors

Capital International Investors lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,328,881 shares of the construction company’s stock after selling 142,911 shares during the period. Capital International Investors’ holdings in AAON were worth $101,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC bought a new position in AAON in the third quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its holdings in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Danske Bank A S bought a new position in AAON in the third quarter worth about $47,000. Finally, Huntington National Bank lifted its holdings in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In related news, CAO Rebecca Thompson sold 21,914 shares of the firm’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary D. Fields sold 31,271 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director owned 34,252 shares in the company, valued at $4,592,165.64. This represents a 47.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 155,698 shares of company stock worth $19,986,463 over the last ninety days. Insiders own 18.09% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $132.05 on Tuesday. The firm’s 50 day moving average is $111.69 and its two-hundred day moving average is $96.74. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. The firm has a market capitalization of $10.82 billion, a P/E ratio of 92.34, a PEG ratio of 3.71 and a beta of 1.39. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter last year, the business earned $0.37 earnings per share. AAON’s revenue was up 54.3% compared to the same quarter last year. Analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio (DPR) is currently 27.97%.

Analyst Ratings Changes

A number of brokerages have issued reports on AAON. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $107.75.

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.