AAON, Inc. (NASDAQ:AAON) Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,698 shares of the construction company’s stock after selling 145 shares during the period. Yousif Capital Management LLC’s holdings in AAON were worth $2,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after buying an additional 2,725,779 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in AAON by 46.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock worth $249,392,000 after acquiring an additional 1,380,751 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in AAON by 0.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock worth $247,778,000 after acquiring an additional 25,178 shares during the period. Ameriprise Financial Inc. grew its stake in AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after acquiring an additional 847,953 shares in the last quarter. Finally, Invesco Ltd. grew its stake in AAON by 61.5% during the 3rd quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock valued at $91,225,000 after acquiring an additional 610,949 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Trading Up 3.0 %

NASDAQ AAON opened at $93.85 on Tuesday. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34. The firm’s fifty day simple moving average is $85.66 and its 200-day simple moving average is $73.66. The company has a market capitalization of $7.71 billion, a PE ratio of 43.99 and a beta of 0.91.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Friday, March 15th. AAON’s dividend payout ratio is presently 15.00%.

Insiders Place Their Bets

In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the sale, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock valued at $3,613,768 over the last three months. 18.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of AAON in a research report on Monday. They set an “outperform” rating on the stock.

About AAON

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.