AAON, Inc. (NASDAQ:AAON) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the construction company's stock after selling 3,700 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in AAON were worth $577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mather Group LLC. grew its stake in AAON by 521.6% during the fourth quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after buying an additional 193 shares during the last quarter. Twin Tree Management LP bought a new position in AAON in the fourth quarter valued at $33,000. 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 valued at $37,000 after acquiring an additional 103 shares during the period. UMB Bank n.a. boosted its holdings in shares of AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after buying an additional 131 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after buying an additional 84 shares during the period. Institutional investors own 70.81% of the company's stock.

Insider Buying and Selling

In other news, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 8,357 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total transaction of $824,501.62. Following the sale, the chief executive officer now directly owns 26,491 shares in the company, valued at approximately $2,613,602.06. This represents a 23.98% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AAON shares. DA Davidson dropped their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Robert W. Baird cut their price objective on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Friday, February 28th. Finally, StockNews.com cut shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.50.

AAON Stock Performance

AAON traded up $2.76 during trading on Friday, hitting $106.87. The company's stock had a trading volume of 443,976 shares, compared to its average volume of 666,449. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07. The firm has a market cap of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06. The business's 50 day simple moving average is $86.05 and its 200-day simple moving average is $107.77.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. The company had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. AAON's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. As a group, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON announced that its Board of Directors has initiated a share buyback program on Tuesday, March 4th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. AAON's dividend payout ratio is presently 21.05%.

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.