AAON, Inc. $AAON Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in AAON, Inc. (NASDAQ:AAON) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,795 shares of the construction company’s stock after selling 2,573 shares during the period. Legal & General Group Plc’s holdings in AAON were worth $9,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Aperture Investors LLC purchased a new position in AAON in the first quarter valued at $25,218,000. Voya Investment Management LLC grew its position in shares of AAON by 333.8% during the 1st quarter. Voya Investment Management LLC now owns 392,841 shares of the construction company’s stock valued at $30,693,000 after acquiring an additional 302,282 shares during the period. Vanguard Group Inc. grew its position in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock valued at $509,111,000 after acquiring an additional 276,722 shares during the period. Jackson Square Partners LLC purchased a new position in shares of AAON in the 1st quarter valued at about $20,962,000. Finally, Nuveen LLC purchased a new position in shares of AAON in the 1st quarter valued at about $20,759,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Down 2.0%

Shares of AAON opened at $91.63 on Tuesday. The stock has a 50 day moving average price of $97.58 and a 200 day moving average price of $88.09. AAON, Inc. has a one year low of $62.00 and a one year 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 stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 62.33 and a beta of 1.05.

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

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio is currently 33.06%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 target price on shares of AAON in a research note on Friday, November 7th. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Robert W. Baird reduced their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Finally, Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.60.

Insider Transactions at AAON

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at $1,978,271.64. This trade represents a 27.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary D. Fields sold 3,553 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the transaction, the director owned 26,340 shares in the company, valued at approximately $2,769,387.60. This represents a 11.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 39,649 shares of company stock valued at $3,945,701. 18.70% of the stock is owned by insiders.

AAON 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.