Sequoia Financial Advisors LLC grew its holdings in AAON, Inc. (NASDAQ:AAON – Free Report) by 49.2% during the first quarter, HoldingsChannel reports. The fund owned 3,197 shares of the construction company’s stock after purchasing an additional 1,054 shares during the period. Sequoia Financial Advisors LLC’s holdings in AAON were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in AAON. Rakuten Securities Inc. increased its holdings in shares of AAON by 613.3% in the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after acquiring an additional 276 shares during the last quarter. Versant Capital Management Inc increased its holdings 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 acquiring an additional 287 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of AAON in the 4th quarter valued at about $33,000. Quarry LP increased its holdings in shares of AAON by 49.0% in 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. Finally, Whittier Trust Co. purchased a new position in shares of AAON in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.
AAON Stock Down 0.1%
Shares of NASDAQ AAON opened at $75.20 on Friday. The stock has a market cap of $6.12 billion, a PE ratio of 39.58 and a beta of 0.95. 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 business has a 50-day moving average price of $89.12 and a 200 day moving average price of $96.80.
AAON (NASDAQ:AAON – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. AAON had a return on equity of 20.23% and a net margin of 12.60%. The company had revenue of $322.05 million during the quarter, compared to analysts’ expectations of $289.16 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. Equities research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.
AAON Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were given 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 0.53%. AAON’s payout ratio is 21.05%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on AAON shares. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $111.50.
Read Our Latest Analysis on AAON
Insider Buying and Selling
In other news, CEO Gary D. Fields sold 8,357 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the sale, the chief executive officer directly owned 26,491 shares of the company’s stock, valued at $2,613,602.06. This trade represents a 23.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,823 shares of company stock valued at $7,122,451 over the last ninety days. 18.70% of the stock is owned by insiders.
AAON Profile
(Free Report)
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.
Further Reading
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