AAON, Inc. $AAON Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in AAON, Inc. (NASDAQ:AAON) by 79.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,285 shares of the construction company’s stock after purchasing an additional 569 shares during the quarter. Parallel Advisors LLC’s holdings in AAON were worth $95,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its position in AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after purchasing an additional 276 shares during the period. Versant Capital Management Inc raised its position in AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after purchasing an additional 287 shares during the period. UMB Bank n.a. raised its position in AAON by 81.2% in the first quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock valued at $46,000 after purchasing an additional 264 shares during the period. Park Square Financial Group LLC purchased a new stake in AAON in the fourth quarter valued at $57,000. Finally, CWM LLC raised its position in AAON by 25.7% in the first quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after purchasing an additional 192 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Trading Down 3.5%

NASDAQ:AAON opened at $90.99 on Thursday. The stock has a 50-day simple moving average of $82.61 and a 200-day simple moving average of $83.95. The stock has a market cap of $7.42 billion, a P/E ratio of 61.90 and a beta of 1.00. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10.

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

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. AAON’s dividend payout ratio is 27.21%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of research analyst reports. Sidoti upgraded 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. Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Robert W. Baird reduced their target price on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Finally, DA Davidson cut their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $102.00.

Insider Transactions at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company’s stock, valued at $451,009.08. This represents a 69.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

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.