AAON, Inc. (NASDAQ:AAON) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 43.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the construction company’s stock after selling 3,700 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in AAON were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of AAON in the 4th quarter worth $33,000. Quarry LP raised its holdings in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after purchasing an additional 103 shares in the last quarter. UMB Bank n.a. lifted its position in AAON by 67.5% in the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company’s stock valued at $38,000 after purchasing an additional 131 shares during the period. Finally, Empowered Funds LLC purchased a new stake in AAON in the 4th quarter valued at approximately $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $242,580. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gary D. Fields sold 37,189 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer now directly owns 63,714 shares in the company, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Friday, February 28th. DA Davidson decreased their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird reduced their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

AAON Stock Up 0.9%

AAON opened at $100.32 on Monday. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 44.19 and a beta of 1.06. The business’s fifty day moving average is $83.67 and its two-hundred day moving average is $108.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. Analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON declared that its board has initiated a share buyback plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

AAON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Tuesday, March 18th. This is an increase from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio is 21.05%.

AAON 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.