Ameriprise Financial Inc. Decreases Stock Position in AAON, Inc. $AAON

Key Points

• Ameriprise Financial Inc. reduced its stake in AAON, Inc. by 1.7%, owning approximately 1.27% of the company's shares worth $80.7 million after selling 17,843 shares.
• AAON recently reported $0.22 earnings per share, missing the consensus estimate of $0.31, and had a revenue decline of 0.6% year-over-year.
• The company declared a quarterly dividend of $0.10 per share, set to be paid on September 26th, representing a 0.5% dividend yield.

Ameriprise Financial Inc. lessened its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,032,898 shares of the construction company's stock after selling 17,843 shares during the period. Ameriprise Financial Inc. owned approximately 1.27% of AAON worth $80,704,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. boosted its stake in shares of 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 acquiring an additional 276 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 acquiring an additional 287 shares during the last quarter. Quarry LP boosted its stake in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after acquiring an additional 103 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 acquiring an additional 264 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of 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 acquiring an additional 149 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

AAON has been the topic of several analyst reports. DA Davidson dropped their price target on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen cut shares of AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research note on Monday, June 16th. Finally, Robert W. Baird lowered their target price on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $102.00.

Insider Buying and Selling

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the sale, the insider owned 5,301 shares in the company, valued at $451,009.08. The trade was a 69.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

Shares of AAON traded down $2.17 during trading hours on Friday, reaching $82.95. 861,153 shares of the stock traded hands, compared to its average volume of 1,485,071. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07. The company's 50-day moving average price is $79.04 and its two-hundred day moving average price is $85.12. The company has a market cap of $6.76 billion, a P/E ratio of 56.43 and a beta of 1.00.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million for the quarter, compared to analysts' expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. On average, analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON's payout ratio is presently 27.21%.

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.