AAON, Inc. $AAON Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in AAON, Inc. (NASDAQ:AAON) by 76.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,850 shares of the construction company’s stock after selling 12,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AAON were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its holdings in shares of AAON by 363.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 477 shares of the construction company’s stock worth $39,000 after acquiring an additional 374 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in AAON by 48.0% in the first quarter. EverSource Wealth Advisors LLC now owns 549 shares of the construction company’s stock worth $45,000 after acquiring an additional 178 shares in the last quarter. NI Acquisitions Company LLC bought a new position in AAON in the second quarter valued at $102,000. Central Pacific Bank Trust Division bought a new position in AAON in the third quarter valued at $103,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in AAON in the first quarter valued at $166,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AAON shares. Oppenheimer restated an “outperform” rating and set a $115.00 price target (down from $125.00) on shares of AAON in a research report on Wednesday, October 14th. KeyCorp reiterated a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. DA Davidson started coverage on AAON in a research report on Tuesday, September 15th. They set a “buy” rating and a $110.00 price objective on the stock. Robert W. Baird reduced their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

AAON Price Performance

Shares of AAON stock opened at $57.19 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 2.01. AAON, Inc. has a one year low of $53.13 and a one year high of $150.46. The business’s 50 day simple moving average is $76.99 and its two-hundred day simple moving average is $96.98. The stock has a market capitalization of $4.72 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.45.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%. The business’s quarterly revenue was up 101.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Analysts forecast that AAON, Inc. will post 2.35 EPS for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, September 4th. AAON’s payout ratio is presently 20.83%.

Insider Buying and Selling at AAON

In other news, EVP Matthew Shaub purchased 457 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the acquisition, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. This represents a 17.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Stewart purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $74.66 per share, with a total value of $74,660.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at $298,640. This trade represents a 33.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.09% of the stock is owned by insiders.

AAON Profile

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.