Daiwa Securities Group Inc. Sells 9,000 Shares of AAON, Inc. (NASDAQ:AAON)

Daiwa Securities Group Inc. cut its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,588 shares of the construction company's stock after selling 9,000 shares during the quarter. Daiwa Securities Group Inc. owned 0.10% of AAON worth $5,879,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AAON. Group One Trading L.P. bought a new position in AAON during the first quarter worth $39,000. Citigroup Inc. lifted its stake in AAON by 7.4% during the first quarter. Citigroup Inc. now owns 39,894 shares of the construction company's stock worth $2,223,000 after purchasing an additional 2,740 shares during the last quarter. MetLife Investment Management LLC lifted its stake in AAON by 55.6% during the first quarter. MetLife Investment Management LLC now owns 22,269 shares of the construction company's stock worth $1,241,000 after purchasing an additional 7,960 shares during the last quarter. Rhumbline Advisers increased its position in AAON by 3.2% in the first quarter. Rhumbline Advisers now owns 122,265 shares of the construction company's stock worth $6,814,000 after buying an additional 3,737 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in AAON by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,706 shares of the construction company's stock worth $1,990,000 after buying an additional 4,402 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

NASDAQ AAON traded up $0.17 during trading hours on Friday, hitting $85.41. The company had a trading volume of 486,573 shares, compared to its average volume of 382,370. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $93.30. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $84.80 and a 200-day simple moving average of $72.07. The firm has a market cap of $7.01 billion, a P/E ratio of 40.04 and a beta of 0.91.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The firm had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. During the same period last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts predict that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, March 15th. AAON's dividend payout ratio is presently 15.00%.

Insiders Place Their Bets

In other news, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company's stock, valued at $4,247,970.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company's stock, valued at $4,247,970.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 19,136 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock valued at $3,613,768 over the last three months. Company insiders own 19.16% of the company's stock.

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.