Kennedy Capital Management LLC Sells 74,853 Shares of AAON, Inc. $AAON

Kennedy Capital Management LLC lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 29.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 175,731 shares of the construction company’s stock after selling 74,853 shares during the quarter. Kennedy Capital Management LLC’s holdings in AAON were worth $13,399,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of AAON during the 4th quarter worth about $268,000. Parkside Financial Bank & Trust lifted its position in shares of AAON by 727.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,464 shares of the construction company’s stock worth $112,000 after purchasing an additional 1,287 shares during the last quarter. Marshall Wace LLP lifted its position in shares of AAON by 1,317.0% during the 4th quarter. Marshall Wace LLP now owns 76,717 shares of the construction company’s stock worth $5,850,000 after purchasing an additional 71,303 shares during the last quarter. UMB Bank n.a. lifted its position in shares of AAON by 46.8% during the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock worth $67,000 after purchasing an additional 282 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of AAON by 4.1% during the 4th quarter. Stifel Financial Corp now owns 45,677 shares of the construction company’s stock worth $3,483,000 after purchasing an additional 1,778 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

AAON stock opened at $127.19 on Monday. The business has a 50 day moving average price of $115.30 and a two-hundred day moving average price of $97.73. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 3.56 and a beta of 1.39. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. As a group, equities analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAON. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer reissued 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 research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $107.75.

Insider Transactions at AAON

In other AAON news, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the transaction, the chief executive officer owned 114,371 shares of the company’s stock, valued at $15,482,402.27. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Rebecca Thompson sold 21,914 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94. Following the completion of the transaction, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at approximately $2,773,913.01. This trade represents a 44.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 150,473 shares of company stock worth $19,516,213. Insiders own 18.09% of the company’s stock.

About AAON

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.