Azzad Asset Management Inc. ADV Sells 11,423 Shares of AAON, Inc. (NASDAQ:AAON)

Azzad Asset Management Inc. ADV decreased its stake in AAON, Inc. (NASDAQ:AAON) by 21.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,925 shares of the construction company’s stock after selling 11,423 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in AAON were worth $3,694,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in AAON by 57.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after buying an additional 2,725,779 shares in the last quarter. Jump Financial LLC raised its stake in AAON by 200.0% during the 4th quarter. Jump Financial LLC now owns 51,000 shares of the construction company’s stock valued at $3,767,000 after purchasing an additional 34,000 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in AAON in the 4th quarter worth approximately $22,784,000. Conestoga Capital Advisors LLC boosted its stake in AAON by 0.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock worth $247,778,000 after purchasing an additional 25,178 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in AAON by 49.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 89,210 shares of the construction company’s stock valued at $5,073,000 after buying an additional 29,704 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAON. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. DA Davidson reissued a “buy” rating and set a $102.00 price objective on shares of AAON in a report on Wednesday, June 26th. Finally, William Blair began coverage on AAON in a research report on Monday, April 29th. They set an “outperform” rating for the company.

Insider Buying and Selling at AAON

In related news, CFO Rebecca Thompson sold 13,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Fields sold 28,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total value of $2,146,866.00. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $4,894,778.35. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

AAON Stock Performance

Shares of AAON traded down $0.04 during mid-day trading on Wednesday, hitting $85.76. 72,615 shares of the stock were exchanged, compared to its average volume of 734,498. The firm has a 50-day moving average of $79.53 and a two-hundred day moving average of $79.53. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $96.34. The company has a market cap of $7.05 billion, a PE ratio of 39.91 and a beta of 0.80.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 25.84%. The business had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. During the same quarter last year, the business earned $0.45 EPS. AAON’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that AAON, Inc. will post 2.24 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.32 annualized dividend and a yield of 0.37%. AAON’s payout ratio is currently 14.88%.

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.