AAON, Inc. $AAON Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in AAON, Inc. (NASDAQ:AAON) by 57.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,462 shares of the construction company’s stock after selling 5,929 shares during the period. SG Americas Securities LLC’s holdings in AAON were worth $329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blair William & Co. IL grew its holdings in shares of AAON by 86.2% in the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company’s stock worth $170,143,000 after acquiring an additional 1,007,906 shares during the last quarter. Aperture Investors LLC acquired a new position in shares of AAON in the 1st quarter valued at $25,218,000. Voya Investment Management LLC increased its stake in AAON by 333.8% in the 1st quarter. Voya Investment Management LLC now owns 392,841 shares of the construction company’s stock worth $30,693,000 after purchasing an additional 302,282 shares in the last quarter. Vanguard Group Inc. increased its stake in AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock worth $509,111,000 after purchasing an additional 276,722 shares in the last quarter. Finally, Jackson Square Partners LLC acquired a new stake in AAON during the 1st quarter worth about $20,962,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the topic of several analyst reports. Robert W. Baird dropped their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and issued a $115.00 target price on shares of AAON in a report on Friday, November 7th. Finally, Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a 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, the company currently has an average rating of “Moderate Buy” and an average price target of $104.60.

AAON Stock Up 0.3%

AAON stock opened at $93.48 on Friday. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $139.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. The firm has a market cap of $7.63 billion, a PE ratio of 63.59 and a beta of 1.05. The firm’s 50 day moving average price is $97.61 and its two-hundred day moving average price is $88.42.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. The business had revenue of $322.05 million for the quarter. On average, research analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio (DPR) is 33.06%.

Insider Activity

In related news, Director Gary D. Fields sold 3,553 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the transaction, the director owned 26,340 shares of the company’s stock, valued at approximately $2,769,387.60. This trade represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,649 shares of company stock valued at $3,945,701. 18.55% of the stock is owned by corporate insiders.

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.