Integrated Wealth Concepts LLC Trims Holdings in AAON, Inc. $AAON

Integrated Wealth Concepts LLC cut its holdings in AAON, Inc. (NASDAQ:AAON) by 26.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,940 shares of the construction company’s stock after selling 3,594 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in AAON were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAON. Blair William & Co. IL grew its position in shares of AAON by 86.2% in the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company’s stock worth $170,143,000 after buying an additional 1,007,906 shares during the period. Mawer Investment Management Ltd. purchased a new stake in shares of AAON in the 1st quarter worth about $44,219,000. Brown Advisory Inc. purchased a new stake in shares of AAON in the 1st quarter worth about $41,180,000. Impax Asset Management Group plc purchased a new stake in shares of AAON in the 1st quarter worth about $36,223,000. Finally, Federated Hermes Inc. grew its position in shares of AAON by 5,973.3% in the 1st quarter. Federated Hermes Inc. now owns 390,632 shares of the construction company’s stock worth $30,520,000 after buying an additional 384,200 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Performance

Shares of AAON stock opened at $82.18 on Friday. The company’s 50-day moving average is $80.58 and its 200 day moving average is $83.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 55.90 and a beta of 1.00. AAON, Inc. has a one year low of $62.00 and a one year high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings results 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 business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Sell-side analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 5th. AAON’s dividend payout ratio (DPR) is presently 27.21%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAON shares. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. Robert W. Baird cut their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, DA Davidson cut their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $102.00.

Insider Transactions at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the sale, the chief financial officer owned 24,396 shares of the company’s stock, valued at $1,978,271.64. This trade represents a 27.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. The trade was a 69.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.70% of the company’s stock.

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.