AAON, Inc. (NASDAQ:AAON) Holdings Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 132.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,088 shares of the construction company's stock after purchasing an additional 85,605 shares during the period. New York State Common Retirement Fund owned about 0.18% of AAON worth $11,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAON. PNC Financial Services Group Inc. boosted its position in shares of AAON by 6.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock valued at $455,000 after buying an additional 244 shares during the period. HighTower Advisors LLC increased its stake in AAON by 2.2% during the 4th quarter. HighTower Advisors LLC now owns 13,328 shares of the construction company's stock worth $1,568,000 after buying an additional 285 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of AAON by 42.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,876 shares of the construction company's stock valued at $338,000 after buying an additional 861 shares during the period. Twin Tree Management LP acquired a new stake in AAON in the 4th quarter valued at approximately $33,000. Finally, Axxcess Wealth Management LLC grew its stake in shares of AAON by 7.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,593 shares of the construction company's stock worth $423,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAON. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research note on Monday, June 16th. Wall Street Zen lowered AAON from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $111.50.

AAON Trading Down 4.2%

NASDAQ AAON traded down $3.33 on Monday, hitting $75.36. 1,040,954 shares of the stock were exchanged, compared to its average volume of 695,515. The company's 50-day moving average price is $85.25 and its two-hundred day moving average price is $93.30. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 39.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. AAON, Inc. has a 52-week low of $68.98 and a 52-week high of $144.07.

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

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. AAON's payout ratio is 21.05%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 8,357 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $98.66, for a total transaction of $824,501.62. Following the transaction, the chief executive officer owned 26,491 shares of the company's stock, valued at $2,613,602.06. This represents a 23.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director directly owned 8,754 shares of the company's stock, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,823 shares of company stock worth $7,122,451 in the last three months. Company 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.