Everence Capital Management Inc. Cuts Stake in AAON, Inc. (NASDAQ:AAON)

Everence Capital Management Inc. cut its stake in AAON, Inc. (NASDAQ:AAON) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,805 shares of the construction company’s stock after selling 1,740 shares during the quarter. Everence Capital Management Inc.’s holdings in AAON were worth $1,094,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AAON. Vanguard Group Inc. raised its position in AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after purchasing an additional 2,725,779 shares during the period. Morgan Stanley raised its position in AAON by 321.1% in the fourth quarter. Morgan Stanley now owns 1,819,718 shares of the construction company’s stock valued at $137,061,000 after purchasing an additional 1,387,594 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in AAON by 46.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after purchasing an additional 1,380,751 shares during the period. Conestoga Capital Advisors LLC raised its position in AAON by 50.8% in the third quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock valued at $189,324,000 after purchasing an additional 1,120,754 shares during the period. Finally, Ameriprise Financial Inc. raised its position in AAON by 111.8% in the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after purchasing an additional 847,953 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 1.0 %

NASDAQ:AAON opened at $88.02 on Wednesday. The business’s 50-day moving average is $84.37 and its two-hundred day moving average is $71.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $93.30. The firm has a market capitalization of $7.23 billion, a PE ratio of 41.26 and a beta of 0.91.

AAON (NASDAQ:AAON) last announced its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The business had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts predict that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s payout ratio is 15.00%.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,993,603.30. Following the completion of the transaction, the vice president now owns 15,992 shares of the company’s stock, valued at $1,293,113.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,596 shares of company stock valued at $3,613,768. 19.16% of the stock is currently owned by insiders.

About AAON

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.