AAON, Inc. (NASDAQ:AAON) Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 958,225 shares of the construction company’s stock after buying an additional 157,699 shares during the period. Bank of New York Mellon Corp owned about 1.17% of AAON worth $83,596,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. TFO Wealth Partners LLC bought a new stake in AAON in the 4th quarter valued at about $27,000. ORG Partners LLC bought a new stake in shares of AAON in the 2nd quarter worth $29,000. GAMMA Investing LLC acquired a new stake in AAON in the 4th quarter valued at about $36,000. YHB Investment Advisors Inc. bought a new stake in AAON during the first quarter worth approximately $87,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of AAON in the 2nd quarter worth $188,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the completion of the sale, the vice president now directly owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the transaction, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The disclosure for this sale can be found here. Insiders have sold a total of 61,609 shares of company stock valued at $5,441,927 in the last three months. Company insiders own 18.55% of the company’s stock.

AAON Trading Down 0.5 %

Shares of AAON stock opened at $92.77 on Thursday. The firm has a fifty day simple moving average of $87.54 and a 200-day simple moving average of $84.03. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 43.15 and a beta of 0.80. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.08%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, research analysts predict that AAON, Inc. will post 2.24 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, September 6th. AAON’s dividend payout ratio is currently 14.88%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and set a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Robert W. Baird raised their price target on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.00.

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.