AAON, Inc. $AAON Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,411,438 shares of the construction company’s stock after selling 15,373 shares during the period. Dimensional Fund Advisors LP owned about 1.73% of AAON worth $131,873,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AAON. Impax Asset Management Group plc grew its holdings in shares of AAON by 25.0% in the 2nd quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after acquiring an additional 117,446 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of AAON by 88.8% during the second quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock valued at $2,052,000 after purchasing an additional 13,087 shares during the last quarter. Pembroke Management LTD boosted its position in shares of AAON by 28.6% in the 3rd quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock valued at $51,686,000 after purchasing an additional 122,937 shares during the period. Jackson Square Partners LLC boosted its position in shares of AAON by 195.8% in the 3rd quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after purchasing an additional 88,516 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in AAON by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock worth $53,751,000 after purchasing an additional 110,715 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen E. Wakefield bought 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of $77.59 per share, with a total value of $321,300.19. Following the transaction, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 18.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AAON. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson reissued a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

AAON Stock Performance

AAON stock opened at $91.51 on Thursday. The firm has a 50 day simple moving average of $93.31 and a 200 day simple moving average of $91.28. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04. The stock has a market cap of $7.46 billion, a P/E ratio of 70.39, a P/E/G ratio of 2.55 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to analyst estimates of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. Research 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 Monday, March 30th. Shareholders of record on Wednesday, March 18th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is 30.77%.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.