AAON, Inc. $AAON Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of AAON, Inc. (NASDAQ:AAON) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,679,025 shares of the construction company’s stock after selling 140,267 shares during the quarter. Blair William & Co. IL’s holdings in AAON were worth $128,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after acquiring an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after acquiring an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of AAON by 27.1% during the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after acquiring an additional 456,560 shares during the last quarter. First Trust Advisors LP boosted its position in shares of AAON by 136.4% during the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of AAON by 5.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after acquiring an additional 84,693 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 0.5%

Shares of AAON opened at $130.66 on Wednesday. The firm has a market cap of $10.70 billion, a P/E ratio of 91.37, a price-to-earnings-growth ratio of 3.67 and a beta of 1.39. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $150.46. The company’s 50-day moving average price is $117.28 and its 200 day moving average price is $98.26. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. AAON’s revenue was up 54.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. On average, sell-side analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AAON shares. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $112.00.

Insider Transactions at AAON

In related news, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total value of $606,666.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the sale, the executive vice president owned 10,997 shares in the company, valued at approximately $1,543,868.83. This trade represents a 21.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 150,473 shares of company stock worth $19,516,213 in the last 90 days. Insiders own 18.09% 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.