Yousif Capital Management LLC Has $1.81 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Yousif Capital Management LLC lessened its stake in shares of AAON, Inc. (NASDAQ:AAON) by 2.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,219 shares of the construction company’s stock after selling 639 shares during the period. Yousif Capital Management LLC’s holdings in AAON were worth $1,814,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. HUB Investment Partners LLC raised its stake in shares of AAON by 5.2% during the 4th quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock worth $237,000 after purchasing an additional 100 shares in the last quarter. Smith Moore & CO. increased its holdings in AAON by 3.1% during the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock worth $388,000 after buying an additional 100 shares during the last quarter. Curi RMB Capital LLC raised its position in AAON by 0.5% during the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 100 shares in the last quarter. Quarry LP lifted its stake in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after acquiring an additional 103 shares during the last quarter. Finally, Ascent Wealth Partners LLC grew its position in shares of AAON by 0.4% in the 4th quarter. Ascent Wealth Partners LLC now owns 29,881 shares of the construction company’s stock valued at $3,516,000 after acquiring an additional 113 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the transaction, the director now directly owns 8,754 shares of the company’s stock, valued at $914,617.92. The trade was a 70.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the transaction, the chief executive officer now owns 63,714 shares in the company, valued at $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,823 shares of company stock worth $7,122,451. Corporate insiders own 18.70% of the company’s stock.

AAON Trading Down 1.6%

Shares of NASDAQ:AAON opened at $72.99 on Monday. The stock has a market cap of $5.94 billion, a PE ratio of 32.15 and a beta of 1.03. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The business has a 50 day moving average of $91.64 and a 200-day moving average of $102.53.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. AAON’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAON. Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a report on Saturday. DA Davidson cut their price objective on AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Friday, February 28th. Finally, Robert W. Baird dropped their price target on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.50.

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.