AAON, Inc. $AAON Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 3.5% during the first quarter, HoldingsChannel.com reports. The fund owned 255,786 shares of the construction company’s stock after selling 9,377 shares during the period. WCM Investment Management LLC’s holdings in AAON were worth $20,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Millennium Management LLC boosted its position in AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after acquiring an additional 65,813 shares during the period. NewEdge Advisors LLC raised its position in shares of AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after buying an additional 294 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after acquiring an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in AAON by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after purchasing an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON stock opened at $111.42 on Monday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $9.13 billion, a P/E ratio of 77.92, a P/E/G ratio of 3.12 and a beta of 1.41. The stock has a 50 day moving average of $128.38 and a two-hundred day moving average of $104.52.

AAON (NASDAQ:AAON) last announced 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. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the firm earned $0.37 EPS. AAON’s quarterly revenue was up 54.3% on a year-over-year basis. As a group, equities analysts expect that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio is 27.97%.

Wall Street Analyst Weigh In

AAON has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Tuesday, July 14th. Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Insiders Place Their Bets

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total value of $421,170.00. Following the transaction, the executive vice president owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. This represents a 18.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,473 shares of company stock worth $19,516,213 over the last ninety days. Company insiders own 18.09% of the company’s stock.

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.