AAON, Inc. $AAON Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in AAON, Inc. by 5.0%, purchasing an additional 66,536 shares, bringing their total ownership to 1,402,803 shares valued at approximately $109.6 million.
• AAON's latest earnings report revealed an EPS of $0.22, falling short of analyst estimates of $0.31, while revenue for the quarter was down 0.6% year-over-year.
• The company declared a quarterly dividend of $0.10, with a payout ratio of 27.21%, indicating a 0.5% dividend yield for shareholders.

Dimensional Fund Advisors LP increased its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,402,803 shares of the construction company's stock after purchasing an additional 66,536 shares during the period. Dimensional Fund Advisors LP owned 1.72% of AAON worth $109,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its holdings 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 last quarter. Rakuten Securities Inc. lifted its holdings in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after purchasing an additional 287 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of AAON in the 4th quarter valued at about $57,000. Finally, UMB Bank n.a. lifted its holdings in shares of AAON by 81.2% in the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock valued at $46,000 after purchasing an additional 264 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Performance

NASDAQ AAON traded up $0.37 on Thursday, hitting $85.12. 537,189 shares of the company's stock were exchanged, compared to its average volume of 1,580,473. 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 firm's 50-day moving average price is $78.82 and its two-hundred day moving average price is $85.69. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 57.90 and a beta of 0.94.

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

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.10 per share. 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%.

Insider Transactions at AAON

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 5,301 shares in the company, valued at approximately $451,009.08. The trade was a 69.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 18.70% of the company's stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several research reports. DA Davidson reduced their target price on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Wall Street Zen downgraded AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Robert W. Baird reduced their price objective on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, AAON presently has an average rating of "Buy" and a consensus price target of $102.00.

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.