AAON, Inc. $AAON Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its position in AAON, Inc. (NASDAQ:AAON) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 766,207 shares of the construction company’s stock after selling 23,102 shares during the period. Mawer Investment Management Ltd.’s holdings in AAON were worth $58,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC acquired a new position in shares of AAON in the 3rd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 164 shares during the period. Jones Financial Companies Lllp increased its position in shares of AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after acquiring an additional 141 shares during the period. Danske Bank A S acquired a new position in shares of AAON in the 3rd quarter valued at $47,000. Finally, Huntington National Bank increased its position in shares of AAON by 27.0% in the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after acquiring an additional 121 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAON has been the topic of several research reports. DA Davidson reissued a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Finally, Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, AAON has an average rating of “Buy” and a consensus price target of $107.75.

Insider Buying and Selling at AAON

In other news, CAO Rebecca Thompson sold 9,672 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $136.59, for a total transaction of $1,321,098.48. Following the sale, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at $3,780,947.79. This represents a 25.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey Kidwell sold 3,153 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the sale, the insider directly owned 13,463 shares in the company, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 151,468 shares of company stock worth $19,379,796. 18.09% of the stock is currently owned by company insiders.

AAON Trading Down 1.1%

AAON stock opened at $138.66 on Tuesday. The company’s 50-day simple moving average is $106.00 and its 200-day simple moving average is $95.15. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The firm has a market cap of $11.36 billion, a P/E ratio of 96.97, a PEG ratio of 3.92 and a beta of 1.38.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. As a group, equities analysts forecast that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

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.