AAON, Inc. (NASDAQ:AAON) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 16.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,688 shares of the construction company’s stock after selling 536 shares during the period. AlphaStar Capital Management LLC’s holdings in AAON were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio raised its position in AAON by 2.3% during the fourth quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock worth $487,000 after acquiring an additional 150 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of AAON during the fourth quarter worth about $851,000. California Public Employees Retirement System raised its position in shares of AAON by 54.1% during the 4th quarter. California Public Employees Retirement System now owns 81,856 shares of the construction company’s stock worth $6,047,000 after purchasing an additional 28,752 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of AAON by 1.9% during the 4th quarter. New York State Common Retirement Fund now owns 27,200 shares of the construction company’s stock worth $2,009,000 after purchasing an additional 496 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in AAON in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the sale, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,609 shares of company stock valued at $5,441,927. 18.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird increased their target price on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and set a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th. Baird R W upgraded AAON to a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.00.

AAON Price Performance

AAON opened at $93.19 on Wednesday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 43.34 and a beta of 0.80. The company’s 50 day simple moving average is $87.30 and its two-hundred day simple moving average is $83.97. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. AAON had a return on equity of 26.08% and a net margin of 15.60%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 earnings per share. On average, equities analysts anticipate that AAON, Inc. will post 2.24 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. AAON’s dividend payout ratio is presently 14.88%.

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.