AAON, Inc. (NASDAQ:AAON) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in AAON, Inc. (NASDAQ:AAON) by 3.9% in the third quarter, HoldingsChannel reports. The fund owned 95,220 shares of the construction company’s stock after selling 3,910 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in AAON were worth $10,269,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AAON. SG Americas Securities LLC purchased a new position in AAON during the first quarter worth approximately $212,000. Russell Investments Group Ltd. lifted its position in shares of AAON by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock valued at $3,156,000 after buying an additional 1,090 shares in the last quarter. Vanguard Group Inc. grew its stake in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after acquiring an additional 61,544 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in AAON in the 1st quarter worth $518,000. Finally, PEAK6 Investments LLC raised its position in AAON by 31.6% during the first quarter. PEAK6 Investments LLC now owns 8,790 shares of the construction company’s stock worth $774,000 after acquiring an additional 2,109 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

AAON stock opened at $135.76 on Friday. AAON, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The firm has a market capitalization of $11.03 billion, a PE ratio of 59.81 and a beta of 0.79. The business has a 50 day simple moving average of $113.21 and a 200-day simple moving average of $94.02.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the prior year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON’s payout ratio is 14.10%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AAON shares. Robert W. Baird lifted their target price on shares of AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Sidoti lowered AAON from a “buy” rating to a “neutral” rating and raised their price objective for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Activity

In related news, CEO Gary D. Fields sold 35,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Casey Kidwell sold 1,421 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,217 shares of company stock valued at $5,467,162 in the last 90 days. Company insiders own 18.55% of the company’s stock.

AAON Company 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.