AAON, Inc. (NASDAQ:AAON) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in AAON, Inc. (NASDAQ:AAON) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,508 shares of the construction company’s stock after selling 357 shares during the period. Maryland State Retirement & Pension System’s holdings in AAON were worth $1,810,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Operose Advisors LLC acquired 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 worth $35,000 after buying an additional 208 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of AAON during the 4th quarter worth approximately $36,000. McGlone Suttner Wealth Management Inc. acquired a new position in AAON in the fourth quarter valued at about $39,000. Finally, First Horizon Advisors Inc. increased its position in shares of AAON by 53.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company’s stock valued at $40,000 after buying an additional 244 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,596 shares of company stock valued at $3,613,768. Corporate insiders own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair started coverage on AAON in a research note on Monday, April 29th. They issued an “outperform” rating for the company.

AAON Price Performance

Shares of NASDAQ AAON traded down $1.71 during mid-day trading on Wednesday, hitting $76.75. 76,100 shares of the stock traded hands, compared to its average volume of 632,879. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $96.34. The firm has a 50 day simple moving average of $85.89 and a two-hundred day simple moving average of $74.94. The company has a market cap of $6.31 billion, a PE ratio of 36.55 and a beta of 0.88.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. AAON had a net margin of 15.44% and a return on equity of 25.84%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts anticipate that AAON, Inc. will post 2.27 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.42%. AAON’s payout ratio is 14.91%.

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.