Segall Bryant & Hamill LLC reduced its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,220 shares of the construction company's stock after selling 3,910 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.12% of AAON worth $10,269,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company's stock worth $641,267,000 after buying an additional 61,544 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company's stock worth $5,186,000 after purchasing an additional 26,141 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in AAON by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 562,933 shares of the construction company's stock worth $49,595,000 after purchasing an additional 6,766 shares during the period. Amalgamated Bank lifted its holdings in AAON by 65.2% in the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company's stock valued at $3,085,000 after acquiring an additional 13,964 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in AAON in the 1st quarter valued at about $518,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
AAON Price Performance
AAON traded up $1.86 on Friday, reaching $137.42. The stock had a trading volume of 564,509 shares, compared to its average volume of 601,003. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07. The firm has a 50-day moving average of $114.05 and a 200-day moving average of $94.31. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 59.37 and a beta of 0.79.
AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.
AAON Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. AAON's dividend payout ratio is currently 14.10%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Sidoti downgraded AAON from a "buy" rating to a "neutral" rating and upped their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson increased their price objective on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $133.00.
Check Out Our Latest Report on AAON
Insiders Place Their Bets
In related news, CEO Gary D. Fields sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company's stock, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,217 shares of company stock worth $5,467,162 in the last ninety days. 18.55% of the stock is currently owned by insiders.
AAON Profile
(
Free Report)
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.
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