Dimensional Fund Advisors LP Has $119.27 Million Position in AAON, Inc. (NASDAQ:AAON)

Dimensional Fund Advisors LP trimmed its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,614,575 shares of the construction company's stock after selling 127,645 shares during the period. Dimensional Fund Advisors LP owned about 1.97% of AAON worth $119,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of AAON during the 4th quarter worth about $36,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of AAON during the 4th quarter worth about $39,000. Operose Advisors LLC bought a new position in shares of AAON during the 3rd quarter worth about $31,000. CI Investments Inc. lifted its holdings in AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in AAON by 49.6% during the 3rd quarter. Huntington National Bank now owns 974 shares of the construction company's stock valued at $55,000 after purchasing an additional 323 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

AAON Trading Up 0.1 %

AAON stock traded up $0.10 during trading on Monday, hitting $74.98. 423,902 shares of the stock traded hands, compared to its average volume of 643,960. AAON, Inc. has a one year low of $52.24 and a one year high of $96.34. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 34.93 and a beta of 0.88. The company has a 50 day simple moving average of $84.73 and a 200 day simple moving average of $76.30.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (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 firm had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. During the same period in the prior year, the business earned $0.45 earnings per share. The company's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts predict that AAON, Inc. will post 2.22 earnings per share for the current fiscal year.

AAON Dividend Announcement

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

Insiders Place Their Bets

In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the transaction, the chief financial officer now directly owns 17,297 shares of the company's stock, valued at $1,331,869. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Stephen E. Wakefield sold 24,655 shares of AAON 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 in the company, valued at approximately $1,293,113.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rebecca Thompson sold 13,500 shares of AAON stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total transaction of $1,039,500.00. Following the sale, the chief financial officer now owns 17,297 shares of the company's stock, valued at approximately $1,331,869. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,096 shares of company stock valued at $4,653,268. Insiders own 18.55% of the company's stock.

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.