Invesco Ltd. Sells 995,485 Shares of AAON, Inc. (NASDAQ:AAON)

Invesco Ltd. reduced its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 49.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,037,012 shares of the construction company’s stock after selling 995,485 shares during the quarter. Invesco Ltd.’s holdings in AAON were worth $81,022,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Curi RMB Capital LLC grew its stake in shares of AAON by 0.5% during the 4th quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 100 shares in the last quarter. Quarry LP grew its stake in shares of AAON by 49.0% during the 4th quarter. Quarry LP now owns 313 shares of the construction company’s stock worth $37,000 after acquiring an additional 103 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of AAON by 26.3% during the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock worth $56,000 after acquiring an additional 149 shares in the last quarter. CWM LLC grew its stake in shares of AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after acquiring an additional 192 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of AAON by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock worth $1,477,000 after acquiring an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Stock Down 4.3%

Shares of AAON stock opened at $79.55 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.80 and a current ratio of 3.10. The firm’s 50-day moving average is $77.55 and its 200-day moving average is $87.58. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 54.12 and a beta of 0.94.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). AAON had a return on equity of 15.45% and a net margin of 9.70%. The company had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 5th. AAON’s payout ratio is 27.21%.

Insider Buying and Selling

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of AAON stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the transaction, the director directly owned 8,754 shares of the company’s stock, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAON shares. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Monday, June 16th. Robert W. Baird decreased their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, DA Davidson decreased their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $102.00.

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.