Sei Investments Co. Boosts Stock Position in AAON, Inc. (NASDAQ:AAON)

Sei Investments Co. raised its stake in AAON, Inc. (NASDAQ:AAON) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 167,949 shares of the construction company’s stock after purchasing an additional 21,430 shares during the quarter. Sei Investments Co. owned 0.20% of AAON worth $14,652,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after buying an additional 61,544 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after acquiring an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of AAON by 106.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after acquiring an additional 561,195 shares in the last quarter. Wasatch Advisors LP raised its holdings in AAON by 5.0% during the fourth quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company’s stock worth $75,706,000 after purchasing an additional 49,007 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in AAON by 19.7% in the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock valued at $83,596,000 after purchasing an additional 157,699 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $107.02 on Friday. The stock has a fifty day moving average price of $91.79 and a 200 day moving average price of $85.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The stock has a market cap of $8.80 billion, a PE ratio of 49.78 and a beta of 0.80. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $109.07.

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

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. AAON’s dividend payout ratio (DPR) is 14.88%.

Wall Street Analyst Weigh In

AAON has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Baird R W upgraded AAON to a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their target price on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Insider Transactions at AAON

In other AAON news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 in the company, valued at approximately $5,542,871.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 15,670 shares of the company’s stock, valued at approximately $1,412,337.10. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock valued at $5,441,927 in the last ninety days. Corporate insiders own 18.55% of the company’s 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.