Charles Schwab Investment Management Inc. Buys 17,306 Shares of AAON, Inc. (NASDAQ:AAON)

Charles Schwab Investment Management Inc. increased its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 837,781 shares of the construction company's stock after purchasing an additional 17,306 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of AAON worth $61,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio increased its stake in shares of AAON by 2.3% during the 4th quarter. Strs Ohio now owns 6,600 shares of the construction company's stock valued at $487,000 after acquiring an additional 150 shares during the last quarter. CI Investments Inc. increased its position in AAON by 50.9% during the third quarter. CI Investments Inc. now owns 617 shares of the construction company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Huntington National Bank raised its stake in AAON by 49.6% during the third quarter. Huntington National Bank now owns 974 shares of the construction company's stock worth $55,000 after purchasing an additional 323 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in AAON by 50.0% in the third quarter. Pinnacle Financial Partners Inc now owns 1,125 shares of the construction company's stock valued at $64,000 after acquiring an additional 375 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of AAON by 1.9% in the 4th quarter. New York State Common Retirement Fund now owns 27,200 shares of the construction company's stock valued at $2,009,000 after purchasing an additional 496 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on shares of AAON in a research report on Monday, April 29th. They set an "outperform" rating for the company.

AAON Stock Down 1.3 %

Shares of AAON stock traded down $0.96 during mid-day trading on Thursday, reaching $74.86. The company's stock had a trading volume of 687,071 shares, compared to its average volume of 646,233. The firm has a market capitalization of $6.15 billion, a PE ratio of 34.88 and a beta of 0.88. The company's 50 day simple moving average is $85.09 and its 200-day simple moving average is $75.75. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $96.34.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The company had revenue of $262.10 million during the quarter, compared to analysts' expectations of $284.76 million. During the same period last year, the business earned $0.45 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, March 15th. AAON's dividend payout ratio is presently 14.91%.

Insider Buying and Selling at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the sale, the director now owns 53,093 shares of the company's stock, valued at approximately $4,247,970.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Stephen E. Wakefield sold 24,655 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the sale, the vice president now owns 15,992 shares of the company's stock, valued at $1,293,113.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman H. Asbjornson sold 805 shares of AAON 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 completion of the sale, the director now owns 53,093 shares of the company's stock, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. Insiders sold 44,596 shares of company stock valued at $3,613,768 over the last 90 days. 18.55% of the stock is owned by corporate insiders.

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.