AAON, Inc. (NASDAQ:AAON) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,516,204 shares of the construction company’s stock after acquiring an additional 276,722 shares during the quarter. Vanguard Group Inc. owned about 8.01% of AAON worth $509,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAON. Curi RMB Capital LLC boosted its position in shares of 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 buying an additional 100 shares during the period. Quarry LP boosted its position in shares of AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after buying an additional 103 shares during the period. Parallel Advisors LLC boosted its position in shares of AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock worth $56,000 after buying an additional 149 shares during the period. CWM LLC boosted its position in shares of AAON by 25.7% during the first quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after buying an additional 192 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of AAON by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock worth $1,477,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AAON shares. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Monday, June 16th. DA Davidson lowered their price target on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird decreased their target price on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $102.00.

AAON Stock Down 5.9%

Shares of NASDAQ:AAON opened at $83.11 on Friday. The firm’s 50 day moving average price is $77.89 and its 200 day moving average price is $87.81. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 56.54 and a beta of 0.94. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The company has a quick ratio of 1.80, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last issued its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). The firm had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. As a group, equities research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is 27.21%.

Insider Transactions at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the sale, the director directly owned 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 filing with the Securities & Exchange Commission, which is available at this link. 18.70% of the stock is owned by company insiders.

AAON Company 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.