Sei Investments Co. Raises Position in AAON, Inc. (NASDAQ:AAON)

Sei Investments Co. lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 14.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 167,949 shares of the construction company's stock after purchasing an additional 21,430 shares during the period. Sei Investments Co. owned about 0.20% of AAON worth $14,652,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ascent Wealth Partners LLC grew its holdings in AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company's stock worth $1,456,000 after acquiring an additional 178 shares during the last quarter. GAMMA Investing LLC grew its holdings in AAON by 35.6% in the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company's stock worth $61,000 after acquiring an additional 181 shares during the last quarter. Signaturefd LLC grew its holdings in AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after acquiring an additional 238 shares during the last quarter. ORG Partners LLC bought a new stake in AAON in the 2nd quarter worth $29,000. Finally, TFO Wealth Partners LLC bought a new stake in AAON in the 4th quarter worth $27,000. Institutional investors own 70.81% of the company's stock.

AAON Trading Down 0.3 %

Shares of AAON opened at $107.02 on Friday. The firm's 50-day moving average price is $91.79 and its 200-day moving average price is $85.94. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 49.78 and a beta of 0.80. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $109.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Sell-side analysts anticipate that AAON, Inc. will post 2.29 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. AAON's dividend payout ratio (DPR) is currently 14.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Baird R W raised shares of AAON to a "hold" rating in a report on Wednesday, July 24th. StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Robert W. Baird raised their price target on shares of AAON from $100.00 to $102.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, AAON presently has an average rating of "Hold" and an average price target of $102.00.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the transaction, the vice president now directly owns 15,670 shares of the company's stock, valued at approximately $1,412,337.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company's stock, valued at approximately $448,850.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares of the company's stock, valued at $1,412,337.10. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock valued at $5,441,927 in the last three months. Company insiders own 18.55% of the company's stock.

AAON Company 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.