AAON, Inc. $AAON Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. lowered its stake in shares of AAON, Inc. (NASDAQ:AAON) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 421,615 shares of the construction company’s stock after selling 12,345 shares during the quarter. AAON accounts for about 2.7% of Ranger Investment Management L.P.’s holdings, making the stock its 4th biggest holding. Ranger Investment Management L.P.’s holdings in AAON were worth $39,396,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Champlain Investment Partners LLC purchased a new stake in AAON during the 2nd quarter worth approximately $87,147,000. Copeland Capital Management LLC purchased a new stake in shares of AAON during the third quarter valued at $68,036,000. Norges Bank purchased a new stake in shares of AAON during the second quarter valued at $51,441,000. Grantham Mayo Van Otterloo & Co. LLC raised its stake in AAON by 73.1% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 623,811 shares of the construction company’s stock worth $46,006,000 after acquiring an additional 263,434 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in AAON by 39.7% in the 2nd quarter. Mawer Investment Management Ltd. now owns 790,466 shares of the construction company’s stock worth $58,297,000 after acquiring an additional 224,494 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Up 2.0%

AAON stock opened at $94.78 on Friday. The business’s 50-day moving average price is $84.82 and its 200 day moving average price is $88.34. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 78.33 and a beta of 1.11. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AAON shares. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Wall Street Zen downgraded AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Oppenheimer reiterated an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, DA Davidson restated a “buy” rating and set a $120.00 price objective on shares of AAON in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, AAON has a consensus rating of “Moderate Buy” and an average target price of $107.60.

Insiders Place Their Bets

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the transaction, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary D. Fields sold 3,553 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total transaction of $373,562.42. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.70% of the company’s stock.

AAON 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.