D. E. Shaw & Co. Inc. Cuts Holdings in AAON, Inc. (NASDAQ:AAON)

D. E. Shaw & Co. Inc. lessened its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,352 shares of the construction company's stock after selling 15,387 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in AAON were worth $983,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after purchasing an additional 84 shares during the period. Louisiana State Employees Retirement System raised its holdings 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 buying an additional 100 shares during the period. HUB Investment Partners LLC lifted its stake in 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. boosted its holdings in AAON by 3.1% during 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 period. Finally, Curi RMB Capital LLC boosted its holdings in AAON by 0.5% during the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock valued at $2,177,000 after acquiring an additional 100 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AAON

In other news, Director Gordon Douglas Wichman sold 3,975 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $105.75, for a total value of $420,356.25. Following the completion of the sale, the director now directly owns 8,754 shares of the company's stock, valued at approximately $925,735.50. This represents a 31.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Raymond Stewart bought 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. In the last quarter, insiders sold 70,823 shares of company stock worth $7,122,451. 18.70% of the stock is currently owned by insiders.

AAON Stock Down 1.0%

Shares of AAON stock traded down $0.98 during trading on Thursday, hitting $96.15. 546,561 shares of the stock were exchanged, compared to its average volume of 663,945. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm's 50-day moving average price is $89.53 and its 200 day moving average price is $106.56. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 42.36 and a beta of 1.06. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly 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. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. During the same period in the previous year, the business earned $0.46 EPS. AAON's revenue for the quarter was up 22.9% on a year-over-year basis. As a group, analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON declared that its board has approved a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.42%. AAON's dividend payout ratio is currently 21.05%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. DA Davidson decreased their target price on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. Robert W. Baird cut their price target on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Finally, Wall Street Zen cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.