AAON, Inc. (NASDAQ:AAON) Shares Sold by Man Group plc

Man Group plc decreased its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,671 shares of the construction company's stock after selling 8,998 shares during the quarter. Man Group plc owned 0.11% of AAON worth $10,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AAON. Blue Trust Inc. grew its stake in shares of AAON by 28.4% during the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in AAON by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company's stock worth $2,201,000 after buying an additional 100 shares during the last quarter. HUB Investment Partners LLC boosted its position in shares of AAON by 5.2% during the 4th quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company's stock worth $237,000 after acquiring an additional 100 shares in the last quarter. Smith Moore & CO. increased its holdings in shares of AAON by 3.1% in the 4th quarter. Smith Moore & CO. now owns 3,300 shares of the construction company's stock valued at $388,000 after acquiring an additional 100 shares during the last quarter. Finally, Curi RMB Capital LLC raised its position in shares of AAON by 0.5% during the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock worth $2,177,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAON shares. StockNews.com downgraded shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. DA Davidson reduced their price target 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. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Friday, February 28th. Finally, Robert W. Baird cut their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $115.50.

Insider Activity

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 completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary D. Fields sold 8,357 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the sale, the chief executive officer now directly owns 26,491 shares of the company's stock, valued at $2,613,602.06. This represents a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.70% of the company's stock.

AAON Trading Up 2.7%

Shares of AAON stock opened at $106.87 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The company has a market capitalization of $8.70 billion, a P/E ratio of 47.08 and a beta of 1.06. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The company's fifty day moving average is $86.05 and its two-hundred day moving average is $107.73.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business's quarterly revenue was up 22.9% compared to the same quarter last year. Analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. AAON's dividend payout ratio (DPR) is presently 21.05%.

AAON announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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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