Voya Investment Management LLC Purchases 302,282 Shares of AAON, Inc. $AAON

Voya Investment Management LLC lifted its position in shares of AAON, Inc. (NASDAQ:AAON) by 333.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 392,841 shares of the construction company’s stock after acquiring an additional 302,282 shares during the quarter. Voya Investment Management LLC’s holdings in AAON were worth $30,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 worth $509,111,000 after acquiring an additional 276,722 shares during the period. Blair William & Co. IL grew its stake in shares of AAON by 86.2% during 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 period. Geneva Capital Management LLC grew its stake in shares of AAON by 13.1% during the 1st quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company’s stock worth $148,269,000 after acquiring an additional 219,814 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of AAON by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company’s stock worth $109,598,000 after acquiring an additional 66,536 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of AAON by 39.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,101,692 shares of the construction company’s stock worth $86,075,000 after acquiring an additional 312,855 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

NASDAQ:AAON opened at $82.18 on Friday. The business’s 50-day moving average price is $80.58 and its two-hundred day moving average price is $83.45. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $144.07. The stock has a market cap of $6.70 billion, a P/E ratio of 55.90 and a beta of 1.00. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million for the quarter, compared to analysts’ expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. As a group, equities analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 5th. AAON’s dividend payout ratio (DPR) is currently 27.21%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAON. Robert W. Baird cut their price target on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Monday, June 16th. DA Davidson cut their target price on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, AAON has an average rating of “Buy” and an average target price of $102.00.

Insider Transactions at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.70% of the company’s stock.

About AAON

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.