AAON, Inc. $AAON Shares Bought by Ascent Group LLC

Key Points

• Ascent Group LLC increased its stake in AAON, Inc. by 10.5% in Q2, now owning approximately $3.96 million worth of shares.
• AAON announced a quarterly dividend of $0.10 per share, translating to an annual yield of 0.4%, with a payout ratio of 27.21%.
• Recent analyst ratings show a mix of upgrades and downgrades, with a consensus rating of "Buy" and an average target price of $102.60.

Ascent Group LLC raised its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,748 shares of the construction company's stock after acquiring an additional 5,119 shares during the quarter. Ascent Group LLC owned 0.07% of AAON worth $3,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after buying an additional 276 shares during the period. Versant Capital Management Inc raised its holdings in AAON by 652.3% during the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the period. UMB Bank n.a. raised its holdings in AAON by 81.2% during the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after buying an additional 264 shares during the period. Parallel Advisors LLC raised its holdings in AAON by 26.3% during the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after buying an additional 149 shares during the period. Finally, CWM LLC raised its holdings in AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company's stock worth $73,000 after buying an additional 192 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAON has been the topic of several recent analyst reports. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. Wall Street Zen downgraded AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. 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. 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 report on Tuesday, August 12th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $105.00 target price on shares of AAON in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $102.60.

AAON Price Performance

AAON stock opened at $98.32 on Friday. The business's 50-day simple moving average is $84.75 and its 200 day simple moving average is $84.59. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 66.88 and a beta of 1.05. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON - Get Free Report) last issued its 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). AAON had a return on equity of 15.45% and a net margin of 9.70%.The company had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same quarter last year, the business posted $0.62 EPS. AAON's quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON's dividend payout ratio (DPR) is 27.21%.

Insider Transactions at AAON

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares in the company, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm'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 transaction, the insider owned 5,301 shares in the company, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is currently owned by company 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.

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