Crossmark Global Holdings Inc. Sells 789 Shares of AAON, Inc. (NASDAQ:AAON)

Crossmark Global Holdings Inc. lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,303 shares of the construction company’s stock after selling 789 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AAON were worth $376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AAON. TFO Wealth Partners LLC purchased a new stake in AAON in the fourth quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of AAON in the 2nd quarter worth $29,000. Crewe Advisors LLC purchased a new stake in shares of AAON during the 2nd quarter valued at $35,000. GAMMA Investing LLC lifted its holdings in shares of AAON by 35.6% during the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after acquiring an additional 181 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new stake in shares of AAON during the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAON. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Robert W. Baird increased their price objective on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Baird R W upgraded shares of AAON to a “hold” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.00.

Insider Buying and Selling

In other AAON news, 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 owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AAON news, CEO Gary D. Fields sold 20,641 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $5,542,871.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now owns 15,670 shares of the company’s stock, valued at $1,412,337.10. 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 over the last three months. 18.55% of the stock is owned by company insiders.

AAON Stock Performance

NASDAQ AAON opened at $89.29 on Wednesday. The company has a 50-day simple moving average of $88.54 and a two-hundred day simple moving average of $84.35. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $96.55. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 41.53 and a beta of 0.80. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. AAON’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. On average, equities analysts forecast that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, September 6th. AAON’s dividend payout ratio is 14.88%.

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.