AAON, Inc. (NASDAQ:AAON) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,196 shares of the construction company's stock after selling 32,024 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.08% of AAON worth $7,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAON. PNC Financial Services Group Inc. increased its position in shares of AAON by 6.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock worth $455,000 after purchasing an additional 244 shares during the last quarter. Avior Wealth Management LLC boosted its stake in AAON by 5,040.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock worth $284,000 after buying an additional 2,369 shares during the period. SG Americas Securities LLC increased its position in shares of AAON by 691.1% during the fourth quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock valued at $2,903,000 after acquiring an additional 21,548 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of AAON by 39.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company's stock valued at $31,121,000 after acquiring an additional 81,111 shares during the period. Finally, Wolverine Trading LLC acquired a new position in shares of AAON in the 3rd quarter worth approximately $471,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

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AAON Stock Up 0.1 %

Shares of NASDAQ:AAON traded up $0.05 during trading on Monday, hitting $78.13. The company's stock had a trading volume of 691,762 shares, compared to its average volume of 705,091. AAON, Inc. has a fifty-two week low of $69.52 and a fifty-two week high of $144.07. The business has a 50 day moving average price of $98.71 and a two-hundred day moving average price of $112.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $6.38 billion, a PE ratio of 34.42 and a beta of 1.00.

AAON Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.10 per share. This is an increase from AAON's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.51%. AAON's dividend payout ratio is 19.90%.

AAON announced that its board has authorized a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

AAON has been the subject of a number of research analyst reports. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Friday, February 28th. StockNews.com lowered AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. DA Davidson cut their price objective on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Robert W. Baird decreased their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AAON has an average rating of "Moderate Buy" and an average target price of $115.50.

Insider Activity

In other news, Director David Raymond Stewart bought 1,000 shares of AAON stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.86 per share, with a total value of $80,860.00. Following the acquisition, the director now owns 3,000 shares of the company's stock, valued at approximately $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 18.55% of the company's stock.

About AAON

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.