Park Avenue Securities LLC Has $340,000 Stock Position in AAON, Inc. (NASDAQ:AAON)

Park Avenue Securities LLC raised its position in AAON, Inc. (NASDAQ:AAON) by 27.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,857 shares of the construction company’s stock after acquiring an additional 837 shares during the period. Park Avenue Securities LLC’s holdings in AAON were worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in AAON by 57.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after acquiring an additional 2,725,779 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after purchasing an additional 25,178 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of AAON by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 1,702,641 shares of the construction company’s stock valued at $125,774,000 after buying an additional 13,864 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in AAON by 111.8% during the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after buying an additional 847,953 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in AAON by 5.0% in the 4th quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company’s stock valued at $75,706,000 after buying an additional 49,007 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AAON 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 of the company’s stock, valued at $1,331,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 transaction of $2,146,866.00. Following the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $4,894,778.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rebecca Thompson sold 13,500 shares of the firm’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 directly owns 17,297 shares of the company’s stock, valued at $1,331,869. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

AAON Trading Up 0.7 %

AAON stock opened at $87.24 on Monday. The stock has a market cap of $7.17 billion, a P/E ratio of 40.64 and a beta of 0.80. The stock’s fifty day simple moving average is $79.64 and its two-hundred day simple moving average is $79.34. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $262.10 million for the quarter, compared to the consensus estimate of $284.76 million. AAON had a net margin of 15.44% and a return on equity of 25.84%. AAON’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, analysts forecast that AAON, Inc. will post 2.24 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. AAON’s dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AAON shares. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Monday, June 17th. William Blair began coverage on shares of AAON in a report on Monday, April 29th. They set an “outperform” rating on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $102.00 price objective on shares of AAON in a research report on Wednesday, June 26th.

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.