AAON, Inc. $AAON Holdings Trimmed by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in AAON, Inc. (NASDAQ:AAON) by 76.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,850 shares of the construction company’s stock after selling 12,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AAON were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAON. SBI Securities Co. Ltd. lifted its position in shares of AAON by 363.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 477 shares of the construction company’s stock worth $39,000 after buying an additional 374 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of AAON by 48.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after buying an additional 178 shares during the last quarter. NI Acquisitions Company LLC bought a new position in shares of AAON in the second quarter valued at approximately $102,000. Central Pacific Bank Trust Division bought a new position in shares of AAON in the third quarter valued at approximately $103,000. Finally, Brighton Securities CORP. bought a new position in shares of AAON in the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director David Stewart purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of $74.66 per share, with a total value of $74,660.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at $298,640. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matthew Shaub acquired 457 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $76.42 per share, for a total transaction of $34,923.94. Following the transaction, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This represents a 17.06% increase in their position. The disclosure for this purchase is available in the SEC filing. 18.09% of the stock is currently owned by company insiders.

AAON Stock Performance

Shares of AAON opened at $57.19 on Friday. AAON, Inc. has a 52-week low of $53.13 and a 52-week high of $150.46. The stock’s 50-day simple moving average is $76.99 and its 200 day simple moving average is $96.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.01 and a current ratio of 3.01. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%. The business had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 101.2% compared to the same quarter last year. Research analysts forecast that AAON, Inc. will post 2.35 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, September 4th. AAON’s dividend payout ratio (DPR) is 20.83%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, August 11th. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective (down from $125.00) on shares of AAON in a research note on Wednesday, October 14th. KeyCorp restated a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. DA Davidson initiated coverage on AAON in a research report on Tuesday, September 15th. They set a “buy” rating and a $110.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $120.00.

AAON Company Profile

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.