48,629 Shares in AAON, Inc. $AAON Bought by Ascent Group LLC

Key Points

• Ascent Group LLC has invested approximately $3.80 million in AAON, acquiring 48,629 shares during the first quarter, bringing its ownership to about 0.06% of the company.
• Several large investors have increased their holdings in AAON, with Vanguard Group Inc. now owning over 6.5 million shares after a 4.4% increase.
• AAON announced a quarterly dividend of $0.10 per share, with a 0.5% yield and payout ratio of 27.21%, to be paid on September 26th.

Ascent Group LLC bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,629 shares of the construction company's stock, valued at approximately $3,799,000. Ascent Group LLC owned 0.06% of AAON as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. United Services Automobile Association acquired a new position in AAON in the first quarter valued at approximately $348,000. Goldman Sachs Group Inc. raised its holdings in AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company's stock worth $33,669,000 after purchasing an additional 73,644 shares in the last quarter. NewEdge Advisors LLC raised its holdings in AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company's stock worth $1,271,000 after purchasing an additional 294 shares in the last quarter. Millennium Management LLC raised its holdings in AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company's stock worth $6,340,000 after purchasing an additional 65,813 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in AAON during the first quarter worth approximately $6,039,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Stock Performance

Shares of AAON traded down $0.29 during mid-day trading on Friday, reaching $82.18. 1,306,860 shares of the company's stock were exchanged, compared to its average volume of 871,778. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. The stock has a market capitalization of $6.70 billion, a PE ratio of 55.90 and a beta of 1.00. The business's fifty day simple moving average is $80.58 and its 200-day simple moving average is $83.48. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced 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). The business had revenue of $311.57 million for the quarter, compared to analysts' expectations of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The business's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities research analysts expect 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. Investors of record on Friday, September 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's dividend payout ratio (DPR) is currently 27.21%.

Insider Buying and Selling at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company's stock, valued at $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company's stock, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on AAON shares. Sidoti raised shares of 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 cut shares of AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Robert W. Baird cut their price objective on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Finally, DA Davidson cut their price objective on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $102.00.

AAON Company 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.