AAON, Inc. $AAON Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK cut its stake in AAON, Inc. (NASDAQ:AAON) by 1.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 36,591 shares of the construction company’s stock after selling 410 shares during the quarter. Capital Advisors Inc. OK’s holdings in AAON were worth $2,699,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AAON. Rakuten Securities Inc. grew its holdings in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock worth $25,000 after acquiring an additional 276 shares during the period. UMB Bank n.a. boosted its position in AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock worth $46,000 after purchasing an additional 264 shares in the last quarter. Parallel Advisors LLC grew its holdings in AAON by 26.3% in the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock valued at $56,000 after purchasing an additional 149 shares during the last quarter. CWM LLC grew its holdings in AAON by 25.7% in the first quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after purchasing an additional 192 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of AAON by 987.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock valued at $92,000 after buying an additional 1,066 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $98.32 on Monday. The company has a market cap of $8.02 billion, a PE ratio of 66.88 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $84.75 and a two-hundred day moving average price of $84.63. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON’s payout ratio is currently 27.21%.

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the transaction, the insider owned 5,301 shares in the company, valued at $451,009.08. The trade was a 69.37% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of AAON in a research report on Tuesday, September 30th. DA Davidson reduced their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Robert W. Baird dropped their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Saturday, September 27th. Finally, Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $102.60.

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.