Next Century Growth Investors LLC Has $9.72 Million Holdings in AAON, Inc. $AAON

Key Points

• Next Century Growth Investors LLC reduced its stake in AAON, Inc. by 16.8%, selling 25,077 shares and owning approximately 0.15% of the company post-sale.
• AAON reported a quarterly earnings miss of $0.22 per share, compared to the expected $0.31, with revenue also falling short of analyst expectations at $311.57 million.
• The company announced a quarterly dividend of $0.10 per share, indicating a 0.5% yield and a dividend payout ratio of 27.21%.

Next Century Growth Investors LLC cut its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 16.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,390 shares of the construction company's stock after selling 25,077 shares during the period. Next Century Growth Investors LLC owned about 0.15% of AAON worth $9,719,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quarry LP grew its stake in shares of AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of AAON by 652.3% in the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after purchasing an additional 287 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of AAON in the fourth quarter worth $57,000. Finally, UMB Bank n.a. grew its stake in shares of AAON by 81.2% in the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after purchasing an additional 264 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Down 2.8%

Shares of AAON stock traded down $2.35 on Tuesday, reaching $80.60. 171,753 shares of the company were exchanged, compared to its average volume of 1,010,210. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 54.80 and a beta of 1.00. The company has a 50-day moving average of $79.25 and a 200-day moving average of $84.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. AAON, Inc. has a one year low of $62.00 and a one year high of $144.07.

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

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given 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 is 27.21%.

Insider Buying and Selling at AAON

In related news, insider Christopher Douglas Eason sold 12,003 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the sale, the insider owned 5,301 shares in the company, valued at $451,009.08. This represents a 69.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 18.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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