AAON, Inc. (NASDAQ:AAON) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 602,790 shares of the construction company's stock after selling 4,154 shares during the quarter. Stephens Investment Management Group LLC owned 0.74% of AAON worth $47,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AAON. Twin Tree Management LP purchased a new position in shares of AAON in the fourth quarter valued at $33,000. Quarry LP grew its holdings in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after buying an additional 103 shares during the period. Rakuten Securities Inc. grew its holdings in AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock valued at $25,000 after buying an additional 276 shares during the period. Versant Capital Management Inc grew its holdings in AAON by 652.3% in the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock valued at $26,000 after buying an additional 287 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of AAON in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAON shares. Wall Street Zen raised AAON from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Sidoti raised AAON from a "neutral" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $111.50.

Insider Transactions at AAON

In related news, Director Gordon Douglas Wichman sold 21,302 shares of AAON 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 transaction, the director directly owned 8,754 shares of the company's stock, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of AAON stock in a transaction dated 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 transaction, the chief executive officer directly owned 63,714 shares in the company, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,823 shares of company stock worth $7,122,451. 18.70% of the stock is owned by corporate insiders.

AAON Stock Performance

NASDAQ AAON traded down $3.16 during trading hours on Friday, hitting $76.83. The company had a trading volume of 1,996,900 shares, compared to its average volume of 678,429. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $87.47 and a 200-day simple moving average of $94.98. The firm has a market cap of $6.25 billion, a P/E ratio of 40.44 and a beta of 0.95.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $322.05 million for the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 20.23% and a net margin of 12.60%. The company's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were issued 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 was Friday, June 6th. AAON's dividend payout ratio (DPR) is 21.05%.

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.