AAON, Inc. $AAON Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 579,015 shares of the construction company’s stock after selling 28,383 shares during the period. Stephens Investment Management Group LLC owned approximately 0.71% of AAON worth $54,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC raised its position in AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after purchasing an additional 65,813 shares in the last quarter. NewEdge Advisors LLC raised its holdings in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 294 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after acquiring an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after acquiring an additional 12,489 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in AAON by 79.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,285 shares of the construction company’s stock worth $95,000 after acquiring an additional 569 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON opened at $94.08 on Friday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $137.90. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 77.75 and a beta of 1.08. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $85.31 and its 200 day moving average price is $86.67.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 6th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $384.24 million during the quarter, compared to analyst estimates of $337.20 million. AAON had a net margin of 7.62% and a return on equity of 12.52%. AAON’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. As a group, sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s payout ratio is currently 33.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAON. Oppenheimer restated an “outperform” rating and issued a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Wall Street Zen cut AAON from a “hold” rating to a “sell” rating in a research note on Saturday. William Blair reissued an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Finally, Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $104.60.

Insiders Place Their Bets

In other news, EVP Stephen E. Wakefield acquired 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was acquired at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the purchase, the executive vice president owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. This represents a 50.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 18.70% of the company’s stock.

About AAON

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.