AAON, Inc. (NASDAQ:AAON) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 4.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,670 shares of the construction company’s stock after selling 174 shares during the period. Trust Co. of Oklahoma’s holdings in AAON were worth $323,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. TFO Wealth Partners LLC purchased a new stake in AAON during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in shares of AAON during the 4th quarter worth approximately $36,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of AAON during the 4th quarter worth approximately $39,000. CVA Family Office LLC acquired a new position in shares of AAON during the 4th quarter worth approximately $83,000. Finally, Acropolis Investment Management LLC acquired a new position in shares of AAON during the 4th quarter worth approximately $112,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 28,200 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was 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 owns 64,295 shares in the company, valued at $4,894,778.35. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

AAON Price Performance

AAON traded up $0.28 during trading hours on Wednesday, reaching $86.08. The company’s stock had a trading volume of 440,035 shares, compared to its average volume of 737,391. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The stock has a market cap of $7.08 billion, a PE ratio of 40.04 and a beta of 0.80. The business’s 50-day moving average is $79.45 and its 200-day moving average is $79.58.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $284.76 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Analysts expect that AAON, Inc. will post 2.24 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, June 7th. AAON’s dividend payout ratio is presently 14.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and set a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a report on Monday, June 17th. Finally, William Blair assumed coverage on AAON in a report on Monday, April 29th. They set an “outperform” rating on the stock.

About AAON

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.