AAON, Inc. $AAON Shares Sold by Swedbank AB

Swedbank AB lessened its stake in AAON, Inc. (NASDAQ:AAON) by 29.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 216,000 shares of the construction company’s stock after selling 89,000 shares during the quarter. Swedbank AB’s holdings in AAON were worth $17,874,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AAON. CHICAGO TRUST Co NA raised its position in shares of AAON by 8.9% during the 1st quarter. CHICAGO TRUST Co NA now owns 8,995 shares of the construction company’s stock worth $744,000 after buying an additional 737 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of AAON by 20.9% during the first quarter. Janney Montgomery Scott LLC now owns 16,779 shares of the construction company’s stock valued at $1,388,000 after acquiring an additional 2,903 shares during the period. Wasatch Advisors LP raised its holdings in AAON by 23.8% during the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after purchasing an additional 436,704 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in AAON during the first quarter worth approximately $1,622,000. Finally, Kestra Private Wealth Services LLC lifted its position in AAON by 3.8% in the first quarter. Kestra Private Wealth Services LLC now owns 6,516 shares of the construction company’s stock worth $539,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and an average target price of $112.00.

AAON Stock Up 2.1%

AAON stock opened at $110.25 on Friday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The firm has a market cap of $9.03 billion, a PE ratio of 77.10, a P/E/G ratio of 3.02 and a beta of 1.41. The firm has a 50 day simple moving average of $127.65 and a 200 day simple moving average of $102.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same period last year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 54.3% compared to the same quarter last year. Equities research analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.10 per share. 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 payout ratio is 27.97%.

Insider Activity at AAON

In other news, insider Casey Kidwell sold 3,153 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at $1,861,932.90. This represents a 18.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 10,997 shares of the company’s stock, valued at $1,543,868.83. This trade represents a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 150,473 shares of company stock valued at $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.