LPL Financial LLC Sells 8,153 Shares of AAON, Inc. $AAON

LPL Financial LLC reduced its holdings in AAON, Inc. (NASDAQ:AAON) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,896 shares of the construction company’s stock after selling 8,153 shares during the quarter. LPL Financial LLC’s holdings in AAON were worth $2,648,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its position in shares of AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after buying an additional 103 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock worth $25,000 after buying an additional 276 shares during the last quarter. Versant Capital Management Inc grew its position in shares of AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock worth $26,000 after buying an additional 287 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of AAON in the 4th quarter worth approximately $57,000. Finally, UMB Bank n.a. grew its position in shares of AAON by 81.2% in the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock worth $46,000 after buying an additional 264 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the business’s 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 owned 8,754 shares in the company, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.55% of the stock is owned by corporate insiders.

AAON Stock Down 4.3%

Shares of NASDAQ:AAON opened at $79.55 on Monday. The stock has a fifty day simple moving average of $77.55 and a two-hundred day simple moving average of $87.22. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 54.12 and a beta of 0.94. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million for the quarter, compared to analysts’ expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, research analysts anticipate 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. Stockholders of record on Friday, September 5th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s payout ratio is currently 27.21%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AAON. DA Davidson cut their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen cut AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Monday, June 16th. Finally, Robert W. Baird lowered their target price on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

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.