Federated Hermes Inc. Sells 38,989 Shares of AAON, Inc. $AAON

Federated Hermes Inc. reduced its position in shares of AAON, Inc. (NASDAQ:AAON) by 10.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 351,643 shares of the construction company’s stock after selling 38,989 shares during the quarter. Federated Hermes Inc. owned approximately 0.43% of AAON worth $25,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AAON. Cresset Asset Management LLC increased its position in shares of AAON by 1.3% in the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock valued at $949,000 after acquiring an additional 157 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the last quarter. UMB Bank n.a. increased its holdings in AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares during the period. State Board of Administration of Florida Retirement System raised its position in AAON by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,299 shares of the construction company’s stock valued at $3,783,000 after purchasing an additional 240 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in AAON by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after buying an additional 294 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other AAON news, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the completion of the transaction, the director owned 26,340 shares in the company, valued at approximately $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is currently owned by company insiders.

AAON Stock Down 1.7%

Shares of AAON stock opened at $81.65 on Wednesday. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $137.90. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 67.48 and a beta of 1.06. The company has a 50-day moving average of $96.97 and a 200 day moving average of $87.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 EPS for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. The business had revenue of $322.05 million for the quarter. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s dividend payout ratio is presently 33.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AAON shares. Robert W. Baird cut their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. DA Davidson cut their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a 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. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Oppenheimer reiterated an “outperform” rating and set a $115.00 price target on shares of AAON in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.60.

About AAON

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.