Teacher Retirement System of Texas Lowers Holdings in AAON, Inc. (NASDAQ:AAON)

Teacher Retirement System of Texas reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 35.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,952 shares of the construction company’s stock after selling 11,907 shares during the period. Teacher Retirement System of Texas’ holdings in AAON were worth $1,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Operose Advisors LLC purchased a new stake in shares of AAON in the third quarter worth about $31,000. CI Investments Inc. lifted its stake in shares of AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. GAMMA Investing LLC bought a new stake in AAON during the 4th quarter valued at about $36,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of AAON in the 4th quarter worth $39,000. Finally, Huntington National Bank raised its holdings in shares of AAON by 49.6% in the 3rd quarter. Huntington National Bank now owns 974 shares of the construction company’s stock valued at $55,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of AAON in a research note on Monday, April 29th. They issued an “outperform” rating for the company.

AAON Stock Up 0.0 %

Shares of AAON stock opened at $74.88 on Friday. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $96.34. The business has a 50-day moving average price of $84.83 and a 200 day moving average price of $76.04. The firm has a market cap of $6.16 billion, a PE ratio of 34.88 and a beta of 0.88.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, sell-side analysts expect that AAON, Inc. will post 2.22 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio is presently 14.91%.

Insider Activity at AAON

In related news, Director Norman H. Asbjornson sold 19,136 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the sale, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Rebecca Thompson sold 13,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $1,331,869. The disclosure for this sale can be found here. Insiders have sold 58,096 shares of company stock valued at $4,653,268 over the last quarter. 18.55% of the stock is owned by insiders.

AAON 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.