Vaughan Nelson Investment Management L.P. Sells 104,480 Shares of AAON, Inc. (NASDAQ:AAON)

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 14.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 595,240 shares of the construction company's stock after selling 104,480 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.73% of AAON worth $46,505,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake 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 last quarter. Twin Tree Management LP acquired a new stake in shares of AAON in the fourth quarter valued at about $33,000. Quarry LP increased its position in shares of AAON by 49.0% in the fourth 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 last quarter. Empowered Funds LLC bought a new stake in AAON during the fourth quarter worth about $42,000. Finally, Whittier Trust Co. acquired a new position in AAON during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Performance

Shares of NASDAQ AAON traded down $0.81 during trading hours on Wednesday, reaching $72.01. 508,602 shares of the stock were exchanged, compared to its average volume of 680,406. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 37.97 and a beta of 1.03. The stock's fifty day simple moving average is $91.47 and its 200 day simple moving average is $101.89. 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 52 week low of $68.98 and a 52 week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analysts' expectations 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 quarter last year, the business earned $0.46 EPS. Sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, June 6th. AAON's dividend payout ratio (DPR) is 21.05%.

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 on 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 now owns 63,714 shares in the company, valued at $6,256,714.80. This trade represents a 36.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director now owns 8,754 shares of the company's stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock valued at $7,122,451 in the last quarter. Company insiders own 18.55% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AAON. CJS Securities raised AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Friday, February 28th. Wall Street Zen downgraded shares of AAON from a "hold" rating to a "sell" rating in a report on Saturday. Robert W. Baird dropped their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a research note on Monday. Finally, DA Davidson decreased their price objective on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.