Legal & General Group Plc Sells 17,419 Shares of AAON, Inc. $AAON

Legal & General Group Plc trimmed its position in AAON, Inc. (NASDAQ:AAON) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,587 shares of the construction company’s stock after selling 17,419 shares during the quarter. Legal & General Group Plc’s holdings in AAON were worth $7,975,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC bought a new stake in shares of AAON in the third quarter worth about $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the last quarter. Danske Bank A S bought a new stake in shares of AAON in the third quarter worth about $47,000. Finally, Huntington National Bank increased its holdings in shares of AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after purchasing an additional 121 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Trading Down 7.7%

AAON opened at $132.62 on Friday. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 92.74, a P/E/G ratio of 4.02 and a beta of 1.39. The stock’s 50 day moving average price is $110.72 and its 200-day moving average price is $96.42. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company’s quarterly revenue was up 54.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio is currently 27.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, AAON presently has a consensus rating of “Buy” and a consensus price target of $107.75.

Insiders Place Their Bets

In other news, insider Casey Kidwell sold 5,225 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the transaction, the insider owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer directly owned 114,371 shares in the company, valued at approximately $15,482,402.27. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 155,698 shares of company stock worth $19,986,463. Corporate insiders own 18.09% of the company’s stock.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.