AAON, Inc. (NASDAQ:AAON) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV reduced its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,165 shares of the construction company's stock after selling 8,730 shares during the period. Azzad Asset Management Inc. ADV's holdings in AAON were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in shares of AAON by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company's stock valued at $2,201,000 after purchasing an additional 100 shares during the period. HUB Investment Partners LLC lifted its stake in shares of AAON by 5.2% in the 4th quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company's stock valued at $237,000 after purchasing an additional 100 shares during the period. Smith Moore & CO. lifted its stake 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 purchasing an additional 100 shares during the period. Curi RMB Capital LLC lifted its stake in shares of AAON by 0.5% in the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock valued at $2,177,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP lifted its stake 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 purchasing an additional 103 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AAON news, Director Gordon Douglas Wichman sold 3,975 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $105.75, for a total value of $420,356.25. Following the transaction, the director now owns 8,754 shares of the company's stock, valued at $925,735.50. This represents a 31.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the transaction, the chief executive officer now directly owns 63,714 shares in the company, valued at $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,823 shares of company stock valued at $7,122,451. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

Shares of AAON stock traded down $0.81 during trading hours on Wednesday, reaching $72.01. 508,602 shares of the company's stock were exchanged, compared to its average volume of 680,406. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The company has a market capitalization of $5.86 billion, a P/E ratio of 37.97 and a beta of 1.03. The business has a fifty day moving average of $91.47 and a two-hundred day moving average of $101.89. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. AAON had a net margin of 12.60% and a return on equity of 20.23%. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON declared that its board has approved a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. AAON's payout ratio is 21.05%.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent analyst reports. DA Davidson cut their price target on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a report on Monday. Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a report on Saturday. Robert W. Baird cut their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a report on Friday, February 28th. Finally, CJS Securities raised shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $111.50.

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.