AAON, Inc. (NASDAQ:AAON) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 1,485.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,329 shares of the construction company's stock after buying an additional 26,542 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in AAON were worth $2,213,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAON. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 287 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of AAON during the 4th quarter worth about $33,000. Quarry LP increased its holdings in shares of AAON by 49.0% during the 4th 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. Whittier Trust Co. bought a new position in shares of AAON in the fourth quarter worth about $46,000. Finally, UMB Bank n.a. raised its stake in AAON by 81.2% during the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock valued at $46,000 after purchasing an additional 264 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AAON

In related news, CEO Gary D. Fields sold 37,189 shares of the firm'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 transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction on 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 directly owned 8,754 shares of the company's stock, valued at $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,823 shares of company stock worth $7,122,451. Insiders own 18.55% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AAON from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Sidoti upgraded shares of 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AAON presently has a consensus rating of "Buy" and an average price target of $111.50.

AAON Price Performance

Shares of AAON stock traded down $0.51 during trading on Wednesday, hitting $74.40. 519,502 shares of the stock traded hands, compared to its average volume of 655,106. The company has a quick ratio of 1.80, a current ratio of 2.77 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. The firm's fifty day moving average is $89.72 and its 200-day moving average is $97.73. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 39.17 and a beta of 0.95.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analysts' expectations of $289.16 million. AAON had a net margin of 12.60% and a return on equity of 20.23%. The business's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. Research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 6th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. AAON's payout ratio is 21.05%.

About AAON

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.