AAON, Inc. $AAON Stake Lowered by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP cut its stake in shares of AAON, Inc. (NASDAQ:AAON) by 90.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,000 shares of the construction company’s stock after selling 29,200 shares during the quarter. Ardsley Advisory Partners LP’s holdings in AAON were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in AAON. EverSource Wealth Advisors LLC grew its holdings in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the last quarter. Danske Bank A S bought a new position in shares of AAON during the third quarter valued at approximately $47,000. Huntington National Bank grew its holdings in shares of AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of AAON by 46.8% during the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after purchasing an additional 282 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on AAON shares. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday, May 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $112.00.

AAON Stock Performance

Shares of NASDAQ AAON opened at $133.36 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $118.33 and a 200-day simple moving average of $98.54. The company has a market cap of $10.92 billion, a PE ratio of 93.26, a P/E/G ratio of 3.66 and a beta of 1.39. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $150.46.

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

AAON Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Rebecca Thompson sold 21,914 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the completion of the transaction, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. The trade was a 44.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares of the company’s stock, valued at approximately $15,482,402.27. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 150,473 shares of company stock valued at $19,516,213. Corporate insiders own 18.09% of the company’s stock.

About AAON

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.