Sterling Capital Management LLC Cuts Stake in AAON, Inc. $AAON

Posted by Stanley Muller on Jul 2nd, 2026

Sterling Capital Management LLC cut its holdings in AAON, Inc. (NASDAQ:AAON – Free Report) by 44.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,485 shares of the construction company’s stock after selling 7,477 shares during the quarter. Sterling Capital Management LLC’s holdings in AAON were worth $785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAON. Wellington Management Group LLP raised its holdings in shares of AAON by 512.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of AAON by 8,956.4% during the fourth quarter. Franklin Resources Inc. now owns 1,222,706 shares of the construction company’s stock valued at $93,231,000 after purchasing an additional 1,209,205 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of AAON by 136.4% during the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after purchasing an additional 1,115,566 shares in the last quarter. Bamco Inc. NY purchased a new position in AAON during the third quarter valued at approximately $67,922,000. Finally, Norges Bank bought a new position in AAON in the fourth quarter worth approximately $41,584,000. 70.81% of the stock is currently owned by institutional investors.

AAON Trading Down 8.2%

NASDAQ:AAON opened at $116.42 on Thursday. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 81.41, a PEG ratio of 3.55 and a beta of 1.41. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. 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 firm has a 50 day moving average of $126.01 and a 200 day moving average of $101.56.

AAON (NASDAQ:AAON – Get Free Report) last issued its quarterly earnings data 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 during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.10 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s dividend payout ratio (DPR) is 27.97%.

Insiders Place Their Bets

In other news, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at $15,482,402.27. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary D. Fields sold 19,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.20, for a total transaction of $2,663,800.00. Following the completion of the transaction, the director directly owned 15,252 shares of the company’s stock, valued at $2,138,330.40. The trade was a 55.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 150,473 shares of company stock valued at $19,516,213. 18.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAON shares. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $112.00.

View Our Latest Research Report on AAON

AAON Profile

(Free Report)

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.