New York State Teachers Retirement System Has $2.13 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

New York State Teachers Retirement System increased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 32.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,236 shares of the construction company's stock after purchasing an additional 6,653 shares during the period. New York State Teachers Retirement System's holdings in AAON were worth $2,128,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in AAON in the fourth quarter worth $210,000. PNC Financial Services Group Inc. boosted its holdings in AAON by 6.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock worth $455,000 after purchasing an additional 244 shares in the last quarter. Parallel Advisors LLC boosted its holdings in AAON by 26.3% in the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after purchasing an additional 149 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in AAON by 49.2% in the first quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock worth $250,000 after purchasing an additional 1,054 shares in the last quarter. Finally, KBC Group NV boosted its holdings in AAON by 11.8% during the first quarter. KBC Group NV now owns 3,022 shares of the construction company's stock valued at $236,000 after acquiring an additional 319 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Transactions at AAON

In related news, CEO Gary D. Fields sold 37,189 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the transaction, the chief executive officer owned 63,714 shares of the company's stock, valued at $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 8,754 shares of the company's stock, valued at $914,617.92. This trade represents a 70.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,823 shares of company stock valued at $7,122,451 in the last ninety days. 18.70% of the stock is owned by company insiders.

AAON Stock Performance

Shares of AAON traded down $3.16 during trading hours on Friday, reaching $76.83. 1,996,359 shares of the company traded hands, compared to its average volume of 676,637. The stock's fifty day moving average is $87.92 and its 200 day moving average is $95.50. The stock has a market cap of $6.25 billion, a P/E ratio of 40.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77. AAON, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analyst estimates 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 business earned $0.46 earnings per share. Equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a report on Monday, June 16th. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $111.50.

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.