Price T Rowe Associates Inc. MD Grows Stock Holdings in AAON, Inc. $AAON

Key Points

• Price T Rowe Associates Inc. MD has increased its stake in AAON, Inc. by 5.7% during the first quarter, now owning approximately 646,890 shares worth about $50.5 million.
• AAON recently reported a net margin of 9.70% and earnings per share of $0.22 for the last quarter, falling short of analysts' expectations of $0.31.
• The company announced a quarterly dividend of $0.10 per share, payable on September 26th, with an annualized yield of 0.5%.

Price T Rowe Associates Inc. MD grew its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,890 shares of the construction company's stock after purchasing an additional 34,938 shares during the period. Price T Rowe Associates Inc. MD owned about 0.80% of AAON worth $50,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP increased its stake in AAON by 49.0% during 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 period. Parallel Advisors LLC increased its stake in AAON by 26.3% during 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 during the period. Cresset Asset Management LLC increased its stake in AAON by 1.3% during the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company's stock worth $949,000 after purchasing an additional 157 shares during the period. CWM LLC increased its stake in AAON by 25.7% during the first quarter. CWM LLC now owns 938 shares of the construction company's stock worth $73,000 after purchasing an additional 192 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in AAON by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company's stock worth $1,477,000 after purchasing an additional 200 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Stock Down 2.5%

Shares of AAON traded down $2.17 during mid-day trading on Monday, reaching $82.95. The company's stock had a trading volume of 861,153 shares, compared to its average volume of 1,485,071. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07. The stock has a market cap of $6.76 billion, a PE ratio of 56.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. The company's 50 day moving average is $79.25 and its 200 day moving average is $84.91.

AAON (NASDAQ:AAON - Get Free Report) last posted its 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). The company had revenue of $311.57 million during the quarter, compared to analysts' expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Equities analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

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

Insider Buying and Selling at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company's stock, valued at approximately $451,009.08. The trade was a 69.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.55% of the company's stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several recent research reports. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research note on Monday, June 16th. DA Davidson decreased their price objective on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Robert W. Baird decreased their price objective on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut AAON from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.