Peterson Wealth Services Sells 4,332 Shares of AAON, Inc. (NASDAQ:AAON)

Peterson Wealth Services cut its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 39.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,777 shares of the construction company's stock after selling 4,332 shares during the quarter. Peterson Wealth Services' holdings in AAON were worth $529,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares during the period. Rakuten Securities Inc. increased its position in shares of AAON by 613.3% during 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 increased its position in shares of AAON by 652.3% during 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. Whittier Trust Co. purchased a new stake in shares of AAON during the 4th quarter valued at about $46,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of AAON during the 4th quarter valued at about $57,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 0.8%

AAON traded up $0.64 on Tuesday, hitting $76.00. The company had a trading volume of 1,282,703 shares, compared to its average volume of 697,854. The firm has a market cap of $6.18 billion, a P/E ratio of 40.00 and a beta of 0.95. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The company's fifty day moving average price is $85.25 and its 200 day moving average price is $93.30. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

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, topping analysts' consensus estimates of $0.24 by $0.13. AAON had a return on equity of 20.23% and a net margin of 12.60%. The business had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. During the same period in the previous year, the company posted $0.46 earnings per share. The business's revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio (DPR) is 21.05%.

Analysts Set New Price Targets

A number of research firms have recently commented on AAON. Wall Street Zen downgraded AAON from a "hold" rating to a "sell" rating in a research report on Friday. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AAON currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.

Insider Buying and Selling

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the sale, the director directly owned 8,754 shares of the company's stock, valued at approximately $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Fields sold 37,189 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer owned 63,714 shares of the company's stock, valued at $6,256,714.80. This trade represents a 36.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock valued at $7,122,451 over the last ninety days. 18.55% of the stock is currently owned by corporate insiders.

About AAON

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.