AAON, Inc. $AAON Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its position in AAON, Inc. by 1.7%, maintaining 677,787 shares worth approximately $52.96 million at the end of the last reporting period.
• AAON recently reported earnings per share (EPS) of $0.22 for the quarter, missing analysts' expectations of $0.31, with a revenue of $311.57 million compared to a forecast of $326.15 million.
• The firm declared a quarterly dividend of $0.10 per share, payable on September 26th, with the ex-dividend date set for September 5th, representing an annual yield of 0.5%.

Charles Schwab Investment Management Inc. reduced its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,787 shares of the construction company's stock after selling 11,455 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of AAON worth $52,956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AAON. Bank of Montreal Can boosted its stake in shares of AAON by 5.1% during the fourth quarter. Bank of Montreal Can now owns 10,073 shares of the construction company's stock valued at $1,185,000 after purchasing an additional 486 shares in the last quarter. Barclays PLC boosted its stake in shares of AAON by 34.9% during the fourth quarter. Barclays PLC now owns 113,985 shares of the construction company's stock valued at $13,414,000 after purchasing an additional 29,513 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of AAON during the fourth quarter valued at approximately $385,000. PEAK6 LLC bought a new position in shares of AAON during the fourth quarter valued at approximately $1,686,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of AAON by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 47,201 shares of the construction company's stock valued at $5,550,000 after purchasing an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AAON shares. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. Robert W. Baird dropped their price objective 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. DA Davidson dropped their price objective 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. Finally, Wall Street Zen downgraded shares of AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $102.00.

AAON Stock Performance

Shares of NASDAQ AAON traded down $0.2550 during midday trading on Tuesday, reaching $81.5650. The company had a trading volume of 687,562 shares, compared to its average volume of 1,019,902. The business's 50-day simple moving average is $77.30 and its 200 day simple moving average is $86.98. The stock has a market cap of $6.65 billion, a P/E ratio of 55.49 and a beta of 0.94. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07. 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 (NASDAQ:AAON - Get Free Report) last posted its quarterly 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 company had revenue of $311.57 million during 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 company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. On average, analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. AAON's dividend payout ratio is presently 27.21%.

About AAON

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.