SG Americas Securities LLC Sells 14,275 Shares of AAON, Inc. (NASDAQ:AAON)

SG Americas Securities LLC lessened its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 57.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,391 shares of the construction company's stock after selling 14,275 shares during the quarter. SG Americas Securities LLC's holdings in AAON were worth $812,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AAON by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock worth $734,262,000 after purchasing an additional 75,832 shares during the period. Invesco Ltd. grew its holdings in shares of AAON by 15.6% during the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock worth $239,184,000 after buying an additional 274,119 shares in the last quarter. Geode Capital Management LLC grew its stake in AAON by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock valued at $145,692,000 after purchasing an additional 3,644 shares in the last quarter. Blair William & Co. IL grew its stake in AAON by 4.2% in the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company's stock valued at $137,660,000 after purchasing an additional 47,254 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in AAON by 85.6% in the fourth quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock valued at $125,813,000 after purchasing an additional 493,219 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $2,225,632.96. Following the completion of the sale, the director now owns 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of the company's 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 sale, the chief executive officer now owns 63,714 shares in the company, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,823 shares of company stock valued at $7,122,451 in the last 90 days. Corporate insiders own 18.55% of the company's stock.

AAON Price Performance

Shares of AAON stock traded up $0.35 during trading on Monday, reaching $72.44. 882,461 shares of the company's stock were exchanged, compared to its average volume of 675,438. 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. The company has a market cap of $5.89 billion, a P/E ratio of 38.13 and a beta of 1.03. The firm's 50-day moving average price is $90.62 and its 200 day moving average price is $99.90.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $322.05 million during the quarter, compared to analysts' expectations of $289.16 million. During the same quarter in the previous year, the firm earned $0.46 EPS. AAON's revenue was up 22.9% on a year-over-year basis. As a group, research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. AAON's payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AAON shares. Robert W. Baird cut their price objective on AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Friday, February 28th. Wall Street Zen downgraded AAON from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. DA Davidson cut their target price on AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Sidoti raised 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. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.50.

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.