American Century Companies Inc. Sells 5,004 Shares of AAON, Inc. (NASDAQ:AAON)

American Century Companies Inc. trimmed its holdings in AAON, Inc. (NASDAQ:AAON) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,492 shares of the construction company’s stock after selling 5,004 shares during the period. American Century Companies Inc.’s holdings in AAON were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of AAON in the second quarter valued at $29,000. TFO Wealth Partners LLC bought a new position in shares of AAON in the fourth quarter valued at $27,000. Crewe Advisors LLC purchased a new stake in shares of AAON in the second quarter valued at about $35,000. Signaturefd LLC raised its holdings in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after purchasing an additional 181 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson reiterated a “buy” rating and issued a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. Robert W. Baird increased their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $102.00.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 15,670 shares in the company, valued at $1,412,337.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the transaction, the director now directly owns 5,135 shares in the company, valued at $448,850.35. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock worth $5,441,927 over the last three months. 18.55% of the stock is owned by insiders.

AAON Stock Performance

NASDAQ AAON opened at $107.09 on Monday. The company has a market capitalization of $8.80 billion, a PE ratio of 49.81 and a beta of 0.80. 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 company has a 50-day simple moving average of $92.19 and a 200 day simple moving average of $86.22. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $109.07.

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

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.08 dividend. The ex-dividend date was 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 currently 14.88%.

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.