Maryland State Retirement & Pension System Has $464,000 Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Maryland State Retirement & Pension System reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 78.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,320 shares of the construction company’s stock after selling 18,979 shares during the quarter. Maryland State Retirement & Pension System’s holdings in AAON were worth $464,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in AAON by 1.9% in the 4th quarter. New York State Common Retirement Fund now owns 27,200 shares of the construction company’s stock valued at $2,009,000 after buying an additional 496 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of AAON by 3.4% during the 4th quarter. Russell Investments Group Ltd. now owns 34,729 shares of the construction company’s stock worth $2,565,000 after buying an additional 1,129 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of AAON by 45.2% during the 4th quarter. Van ECK Associates Corp now owns 20,586 shares of the construction company’s stock worth $1,521,000 after buying an additional 6,409 shares during the last quarter. Natixis Advisors L.P. grew its position in AAON by 394.1% in the fourth quarter. Natixis Advisors L.P. now owns 67,300 shares of the construction company’s stock valued at $4,970,000 after acquiring an additional 53,679 shares during the last quarter. Finally, TCG Advisory Services LLC acquired a new position in AAON during the fourth quarter worth about $208,000. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $89.29 on Wednesday. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 41.53 and a beta of 0.80. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $96.55. The company’s fifty day moving average is $88.54 and its 200 day moving average is $84.35. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.02% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to the consensus estimate of $283.77 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, September 6th. AAON’s dividend payout ratio (DPR) is presently 14.88%.

Analyst Ratings Changes

AAON has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and set a $102.00 price target on shares of AAON in a report on Wednesday, June 26th. Baird R W raised AAON to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird upped their target price on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered AAON from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, AAON has a consensus rating of “Hold” and a consensus price target of $102.00.

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock valued at $5,441,927 over the last quarter. Insiders own 18.55% of the company’s stock.

AAON 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.