Park Avenue Securities LLC Cuts Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Park Avenue Securities LLC decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,678 shares of the construction company’s stock after selling 175 shares during the quarter. Park Avenue Securities LLC’s holdings in AAON were worth $397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ORG Partners LLC purchased a new stake in AAON in the second quarter worth approximately $29,000. Crewe Advisors LLC purchased a new stake in AAON in the second quarter worth approximately $35,000. Signaturefd LLC boosted its stake in AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares in the last quarter. GAMMA Investing LLC boosted its stake in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after buying an additional 181 shares in the last quarter. Finally, RiverPark Advisors LLC purchased a new stake in AAON in the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $112.45 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $112.90. The stock has a 50 day moving average price of $96.43 and a two-hundred day moving average price of $87.85. The company has a market capitalization of $9.24 billion, a P/E ratio of 52.30 and a beta of 0.80.

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

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. AAON’s dividend payout ratio is presently 14.88%.

Analyst Ratings Changes

AAON has been the subject of several research reports. Robert W. Baird upped their target price on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Baird R W upgraded AAON to a “hold” rating in a research report on Wednesday, July 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $102.00 price objective on shares of AAON in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $102.00.

Insider Activity at AAON

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

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.