Swedbank AB Decreases Stock Position in AAON, Inc. $AAON

Swedbank AB decreased its holdings in AAON, Inc. (NASDAQ:AAON) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 305,000 shares of the construction company’s stock after selling 20,000 shares during the quarter. Swedbank AB’s holdings in AAON were worth $23,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAON. Millennium Management LLC increased its stake in AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC increased its stake in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. increased 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 purchasing an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 purchasing an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

In other news, Director Gary D. Fields sold 31,271 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director owned 34,252 shares in the company, valued at approximately $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rebecca Thompson sold 21,914 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94. Following the transaction, the chief accounting officer owned 27,681 shares in the company, valued at approximately $2,773,913.01. This represents a 44.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 108,295 shares of company stock worth $13,323,408. Corporate insiders own 18.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAON. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $107.75.

AAON Stock Performance

Shares of AAON stock opened at $134.60 on Tuesday. The firm has a market cap of $11.03 billion, a P/E ratio of 94.13, a P/E/G ratio of 3.77 and a beta of 1.24. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00. The stock’s fifty day moving average price is $100.03 and its 200-day moving average price is $93.79.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities research analysts expect that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. AAON’s dividend payout ratio (DPR) is currently 27.97%.

AAON 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.