AAON, Inc. (NASDAQ:AAON) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its position in AAON, Inc. (NASDAQ:AAON) by 16.5% during the fourth quarter, Holdings Channel reports. The firm owned 624,299 shares of the construction company’s stock after selling 123,104 shares during the period. Goldman Sachs Group Inc.’s holdings in AAON were worth $46,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Comerica Bank increased its holdings in shares of AAON by 16.6% in the fourth quarter. Comerica Bank now owns 340,660 shares of the construction company’s stock valued at $25,165,000 after purchasing an additional 48,539 shares during the period. Wasatch Advisors LP increased its holdings in shares of AAON by 5.0% in the fourth quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company’s stock valued at $75,706,000 after purchasing an additional 49,007 shares during the period. Vawter Financial Ltd. acquired a new position in shares of AAON in the fourth quarter valued at about $200,000. Tower Research Capital LLC TRC increased its holdings in shares of AAON by 866.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,267 shares of the construction company’s stock valued at $1,645,000 after purchasing an additional 19,962 shares during the period. Finally, Capital International Investors acquired a new position in shares of AAON in the fourth quarter valued at about $4,667,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. William Blair assumed coverage on AAON in a research note on Monday, April 29th. They issued an “outperform” rating on the stock. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research note on Monday.

Insiders Place Their Bets

In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the 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 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 is accessible through the SEC website. In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the 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 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 is accessible through the SEC website. Also, CEO Gary D. Fields sold 28,200 shares of the stock in a transaction that occurred 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 approximately $4,894,778.35. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

AAON Stock Down 0.5 %

Shares of AAON opened at $80.25 on Friday. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $96.34. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 37.38 and a beta of 0.80. The stock’s 50-day moving average price is $79.99 and its 200-day moving average price is $78.38.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, equities analysts anticipate that AAON, Inc. will post 2.22 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. AAON’s dividend payout ratio is currently 14.91%.

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.