AAON, Inc. (NASDAQ:AAON) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its holdings in AAON, Inc. (NASDAQ:AAON) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,516 shares of the construction company’s stock after selling 147 shares during the period. Legacy Wealth Asset Management LLC’s holdings in AAON were worth $1,134,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of AAON by 0.9% in the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock worth $641,267,000 after acquiring an additional 61,544 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in AAON by 99.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 8,613 shares during the period. Janus Henderson Group PLC increased its holdings in AAON by 79.8% during the 1st quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after purchasing an additional 26,141 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in AAON by 71.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 527,875 shares of the construction company’s stock valued at $46,505,000 after purchasing an additional 219,435 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of AAON by 18.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after buying an additional 94,026 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on AAON shares. Robert W. Baird raised their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their target price for the company from $102.00 to $111.00 in a report on Tuesday. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $105.00.

AAON Stock Up 4.6 %

Shares of NASDAQ:AAON opened at $111.19 on Friday. The firm has a 50 day simple moving average of $100.92 and a 200-day simple moving average of $89.36. AAON, Inc. has a twelve month low of $53.03 and a twelve month high of $113.86. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $9.14 billion, a PE ratio of 51.72 and a beta of 0.80.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. AAON’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts predict that AAON, Inc. will post 2.28 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio (DPR) is 14.88%.

Insider Buying and Selling at AAON

In other news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the transaction, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares in the company, valued at $448,850.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by company 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.