Dimensional Fund Advisors LP Has $109.60 Million Stock Position in AAON, Inc. $AAON

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 stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 1.72% of AAON worth $109,598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC bought a new position in shares of AAON in the first quarter worth $721,000. Oak Ridge Investments LLC increased its position in shares of AAON by 3.4% in the first quarter. Oak Ridge Investments LLC now owns 31,021 shares of the construction company's stock worth $2,424,000 after purchasing an additional 1,009 shares during the period. Russell Investments Group Ltd. increased its position in shares of AAON by 119.3% in the first quarter. Russell Investments Group Ltd. now owns 107,365 shares of the construction company's stock worth $8,388,000 after purchasing an additional 58,406 shares during the period. Nuveen LLC bought a new position in shares of AAON in the first quarter worth $20,759,000. Finally, King Luther Capital Management Corp bought a new position in shares of AAON in the first quarter worth $289,000. Institutional investors own 70.81% of the company's stock.

AAON Trading Up 1.2%

Shares of AAON stock traded up $0.99 during mid-day trading on Wednesday, reaching $85.68. 380,385 shares of the stock traded hands, compared to its average volume of 1,016,595. The stock's fifty day simple moving average is $78.29 and its two-hundred day simple moving average is $85.89. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $144.07. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 58.28 and a beta of 0.94. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

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

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 5th. AAON's dividend payout ratio (DPR) is presently 27.21%.

Wall Street Analyst Weigh In

AAON has been the topic of several research analyst reports. Wall Street Zen lowered AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Sidoti raised 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. DA Davidson reduced their price objective on AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Finally, Robert W. Baird reduced their price objective on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $102.00.

Insider Activity at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction dated 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 sale, the insider directly owned 5,301 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 18.55% of the company's stock.

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.