AAON, Inc. $AAON Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 38.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,410 shares of the construction company’s stock after selling 162,926 shares during the period. AAON accounts for about 1.5% of Ranger Investment Management L.P.’s holdings, making the stock its 26th biggest holding. Ranger Investment Management L.P.’s holdings in AAON were worth $21,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SummitTX Capital L.P. lifted its stake in shares of AAON by 1.7% during the first quarter. SummitTX Capital L.P. now owns 4,622 shares of the construction company’s stock worth $382,000 after purchasing an additional 76 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of AAON by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after buying an additional 99 shares in the last quarter. Huntington National Bank grew its stake in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after buying an additional 120 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of AAON by 20.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after buying an additional 181 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AAON. KeyCorp assumed coverage on AAON in a research report on Thursday, July 23rd. They set a “sector weight” rating on the stock. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

Insider Buying and Selling at AAON

In other AAON news, Director Gary D. Fields sold 19,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.20, for a total transaction of $2,663,800.00. Following the completion of the transaction, the director directly owned 15,252 shares of the company’s stock, valued at $2,138,330.40. This trade represents a 55.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 118,580 shares of company stock valued at $16,321,222. Corporate insiders own 18.09% of the company’s stock.

AAON Stock Down 7.2%

Shares of AAON stock opened at $93.74 on Wednesday. The business has a 50-day moving average of $123.80 and a 200-day moving average of $105.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The company has a market capitalization of $7.68 billion, a PE ratio of 65.55, a P/E/G ratio of 2.82 and a beta of 1.41. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year. As a group, equities analysts forecast that AAON, Inc. will post 2.24 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

AAON 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.