Victory Capital Management Inc. Sells 42,836 Shares of AAON, Inc. (NASDAQ:AAON)

Victory Capital Management Inc. trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 19.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 183,102 shares of the construction company's stock after selling 42,836 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of AAON worth $14,306,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smith Moore & CO. boosted its position in shares of AAON by 3.1% during the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company's stock valued at $388,000 after purchasing an additional 100 shares in the last quarter. Curi RMB Capital LLC boosted its stake in shares of AAON by 0.5% during the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock worth $2,177,000 after purchasing an additional 100 shares during the period. Quarry LP grew its stake in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after purchasing an additional 103 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after purchasing an additional 149 shares in the last quarter. Finally, CWM LLC raised its stake in AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company's stock worth $73,000 after acquiring an additional 192 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AAON

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 8,357 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total transaction of $824,501.62. Following the completion of the transaction, the chief executive officer owned 26,491 shares in the company, valued at $2,613,602.06. The trade was a 23.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,823 shares of company stock valued at $7,122,451. 18.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.50.

AAON Trading Up 7.5%

Shares of AAON stock traded up $5.81 on Friday, hitting $83.37. The stock had a trading volume of 1,460,920 shares, compared to its average volume of 938,214. 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 stock has a market cap of $6.78 billion, a price-to-earnings ratio of 43.88 and a beta of 0.95. The stock's 50-day simple moving average is $83.01 and its two-hundred day simple moving average is $92.46. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its 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 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. As a group, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were paid a $0.10 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.48%. AAON's dividend payout ratio is presently 21.05%.

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.