Stephens Investment Management Group LLC Sells 28,383 Shares of AAON, Inc. $AAON

Stephens Investment Management Group LLC cut its holdings in AAON, Inc. (NASDAQ:AAON) by 4.7% during the third quarter, Holdings Channel.com reports. The fund owned 579,015 shares of the construction company’s stock after selling 28,383 shares during the period. Stephens Investment Management Group LLC’s holdings in AAON were worth $54,103,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Blair William & Co. IL raised its stake in shares of AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after purchasing an additional 102,382 shares during the period. Geneva Capital Management LLC lifted its holdings in AAON by 7.3% during the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock valued at $150,210,000 after purchasing an additional 139,024 shares during the last quarter. Geode Capital Management LLC grew its stake in AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company’s stock valued at $98,941,000 after buying an additional 26,302 shares during the last quarter. Champlain Investment Partners LLC bought a new position in shares of AAON during the second quarter worth approximately $87,147,000. Finally, Ameriprise Financial Inc. grew its stake in shares of AAON by 8.5% in the second quarter. Ameriprise Financial Inc. now owns 1,120,324 shares of the construction company’s stock valued at $82,624,000 after acquiring an additional 87,426 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Trading Up 4.5%

NASDAQ AAON opened at $94.08 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $137.90. The firm has a market cap of $7.68 billion, a PE ratio of 77.75 and a beta of 1.08. The stock has a 50-day moving average of $85.31 and a 200-day moving average of $86.67.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $384.24 million during the quarter, compared to analysts’ expectations of $337.20 million. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. As a group, sell-side analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is presently 33.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and set a $115.00 price target on shares of AAON in a research note on Friday, November 7th. Zacks Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, AAON has a consensus rating of “Moderate Buy” and an average price target of $104.60.

Insider Activity at AAON

In related news, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen E. Wakefield purchased 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the transaction, the executive vice president owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 18.70% of the stock is owned by corporate insiders.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.