AAON, Inc. $AAON Shares Sold by PFG Advisors

PFG Advisors lessened its position in shares of AAON, Inc. (NASDAQ:AAON) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,928 shares of the construction company’s stock after selling 908 shares during the period. PFG Advisors’ holdings in AAON were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AAON during the 2nd quarter worth $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in AAON in the second quarter valued at $53,000. UMB Bank n.a. lifted its holdings in AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after buying an additional 194 shares during the last quarter. CWM LLC lifted its holdings in AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after buying an additional 192 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of AAON during the 2nd quarter worth about $91,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider owned 5,301 shares in the company, valued at $451,009.08. The trade was a 69.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. DA Davidson reduced their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Oppenheimer restated an “outperform” rating and issued a $115.00 target price on shares of AAON in a report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Five equities 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

AAON Price Performance

Shares of NASDAQ AAON opened at $105.79 on Tuesday. The stock has a market cap of $8.63 billion, a P/E ratio of 71.97 and a beta of 1.05. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $144.07. The stock has a 50 day moving average of $94.48 and a two-hundred day moving average of $88.48. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last announced its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. The business had revenue of $322.05 million for the quarter. On average, research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a $0.10 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is currently 33.06%.

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.