Oak Ridge Investments LLC Sells 9,978 Shares of AAON, Inc. $AAON

Oak Ridge Investments LLC lessened its holdings in AAON, Inc. (NASDAQ:AAON) by 32.2% in the second quarter, Holdings Channel reports. The firm owned 21,043 shares of the construction company’s stock after selling 9,978 shares during the period. Oak Ridge Investments LLC’s holdings in AAON were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Trust Co. of Toledo NA OH bought a new position in AAON in the 2nd quarter valued at $91,000. Inspire Investing LLC lifted its position in shares of AAON by 8.5% during the 2nd quarter. Inspire Investing LLC now owns 9,100 shares of the construction company’s stock valued at $671,000 after buying an additional 710 shares during the last quarter. Aberdeen Group plc lifted its position in shares of AAON by 460.3% during the 2nd quarter. Aberdeen Group plc now owns 165,897 shares of the construction company’s stock valued at $12,213,000 after buying an additional 136,288 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of AAON during the 2nd quarter valued at $439,000. Finally, Blair William & Co. IL lifted its position in shares of AAON by 4.7% during the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after buying an additional 102,382 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAON shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday. Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Robert W. Baird dropped their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. DA Davidson dropped their price target on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of AAON in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, AAON presently has an average rating of “Buy” and an average price target of $102.60.

AAON Stock Performance

Shares of AAON opened at $99.50 on Friday. The stock’s 50-day simple moving average is $86.75 and its 200 day simple moving average is $85.30. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 67.69 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07.

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

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON’s dividend payout ratio is currently 27.21%.

Insider Transactions at AAON

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. This represents a 27.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the company’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 completion of the transaction, the insider owned 5,301 shares in the company, valued at $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

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.