Stephens Investment Management Group LLC Reduces Holdings in AAON, Inc. (NASDAQ:AAON)

Stephens Investment Management Group LLC decreased its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in AAON by 132.8% in the first quarter. New York State Common Retirement Fund now owns 150,088 shares of the construction company's stock valued at $11,726,000 after purchasing an additional 85,605 shares during the period. Xponance Inc. raised its stake in shares of AAON by 1.7% in the first quarter. Xponance Inc. now owns 13,946 shares of the construction company's stock valued at $1,090,000 after acquiring an additional 235 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of AAON by 111.3% in the first quarter. Bridges Investment Management Inc. now owns 25,503 shares of the construction company's stock valued at $1,993,000 after acquiring an additional 13,431 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of AAON by 2.9% in the first quarter. Arcadia Investment Management Corp MI now owns 14,738 shares of the construction company's stock valued at $1,151,000 after acquiring an additional 415 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of AAON in the first quarter valued at $41,180,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

AAON has been the topic of several analyst reports. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $111.50.

Insider Buying and Selling at AAON

In other AAON news, CEO Gary D. Fields sold 37,189 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the transaction, the chief executive officer owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the firm's 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 transaction, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. The trade was a 70.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock worth $7,122,451 in the last three months. 18.70% of the stock is currently owned by corporate insiders.

AAON Stock Up 0.0%

NASDAQ:AAON traded up $0.02 during trading hours on Wednesday, hitting $74.27. The company's stock had a trading volume of 1,246,258 shares, compared to its average volume of 686,202. The stock has a market capitalization of $6.04 billion, a P/E ratio of 39.09 and a beta of 0.95. The stock has a fifty day moving average of $86.08 and a 200-day moving average of $94.18. 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, Inc. has a 52-week low of $68.98 and a 52-week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm 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%. AAON's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, June 6th. AAON's dividend payout ratio (DPR) is presently 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.