AAON, Inc. $AAON Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of AAON, Inc. (NASDAQ:AAON) by 66.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 70,690 shares of the construction company’s stock after selling 141,212 shares during the quarter. SG Americas Securities LLC’s holdings in AAON were worth $5,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in AAON by 44.3% in the fourth quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock worth $521,495,000 after acquiring an additional 2,099,385 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of AAON by 96.4% in the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after purchasing an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of AAON by 27.1% in the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after purchasing an additional 456,560 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after purchasing an additional 1,115,566 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in AAON by 5.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after purchasing an additional 84,693 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

NASDAQ AAON opened at $126.57 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $10.37 billion, a PE ratio of 88.51, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $150.46. The company has a 50 day moving average price of $124.29 and a two-hundred day moving average price of $100.71.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. As a group, equities analysts predict that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s payout ratio is 27.97%.

Wall Street Analysts Forecast Growth

AAON has been the topic of several research reports. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday, May 8th. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $112.00.

Insider Activity at AAON

In related news, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the transaction, the chief executive officer directly owned 114,371 shares in the company, valued at $15,482,402.27. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary D. Fields sold 31,271 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total value of $4,192,502.97. Following the completion of the sale, the director owned 34,252 shares of the company’s stock, valued at $4,592,165.64. This represents a 47.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is owned by insiders.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.