AAON, Inc. (NASDAQ:AAON) Holdings Lowered by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC reduced its stake in AAON, Inc. (NASDAQ:AAON) by 73.8% in the second quarter, HoldingsChannel reports. The fund owned 3,589 shares of the construction company’s stock after selling 10,122 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in AAON were worth $313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio grew its stake in AAON by 2.3% during the 4th quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock valued at $487,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC grew its position in AAON by 35.6% during the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after purchasing an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in AAON by 3.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,963 shares of the construction company’s stock valued at $514,000 after purchasing an additional 257 shares in the last quarter. ORG Partners LLC acquired a new position in AAON in the 2nd quarter valued at approximately $29,000. Finally, TFO Wealth Partners LLC purchased a new stake in AAON in the 4th quarter worth approximately $27,000. 70.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares in the company, valued at $1,412,337.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at $5,542,871.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the completion of the transaction, the vice president now directly owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The disclosure for this sale can be found here. Insiders sold 89,809 shares of company stock worth $7,588,793 over the last ninety days. Company insiders own 18.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AAON shares. DA Davidson reissued a “buy” rating and set a $102.00 price objective on shares of AAON in a research report on Wednesday, June 26th. Baird R W upgraded AAON to a “hold” rating in a report on Wednesday, July 24th. William Blair began coverage on AAON in a report on Monday, April 29th. They issued an “outperform” rating on the stock. Robert W. Baird lifted their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, AAON presently has an average rating of “Hold” and an average price target of $102.00.

AAON Stock Performance

Shares of AAON traded down $0.68 during trading hours on Friday, hitting $88.69. 208,434 shares of the company were exchanged, compared to its average volume of 691,623. The company has a market cap of $7.29 billion, a PE ratio of 41.25 and a beta of 0.80. The firm’s 50 day moving average is $84.97 and its 200-day moving average is $82.95. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $96.34.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.08% and a net margin of 15.60%. The firm had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that AAON, Inc. will post 2.24 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Friday, September 6th. AAON’s dividend payout ratio is 14.88%.

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.