Cynosure Group LLC Sells 11,528 Shares of AAON, Inc. $AAON

Cynosure Group LLC cut its stake in AAON, Inc. (NASDAQ:AAON) by 50.8% in the second quarter, HoldingsChannel.com reports. The fund owned 11,179 shares of the construction company’s stock after selling 11,528 shares during the period. Cynosure Group LLC’s holdings in AAON were worth $824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in AAON in the second quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of AAON during the 2nd quarter valued at about $53,000. UMB Bank n.a. increased its position in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares during the last quarter. CWM LLC lifted its stake in shares of AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of AAON in the second quarter worth approximately $91,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

AAON Trading Up 2.6%

Shares of AAON stock opened at $91.52 on Friday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $142.20. 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 company has a market capitalization of $7.47 billion, a P/E ratio of 62.26 and a beta of 1.05. The company has a fifty day moving average of $96.82 and a 200 day moving average of $88.57.

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

AAON Dividend Announcement

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

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the sale, the chief financial officer owned 24,396 shares in the company, valued at $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary D. Fields sold 3,553 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was 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 represents a 11.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,652 shares of company stock valued at $4,966,916 in the last three months. 18.70% of the stock is currently owned by corporate 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.