Ferguson Wellman Capital Management Inc. Sells 5,345 Shares of AAON, Inc. $AAON

Ferguson Wellman Capital Management Inc. lowered its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,031 shares of the construction company’s stock after selling 5,345 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in AAON were worth $13,739,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. Danske Bank A S acquired a new position in shares of AAON in the third quarter valued at approximately $47,000. Summit Securities Group LLC bought a new stake in shares of AAON during the fourth quarter worth $45,000. Huntington National Bank increased its position in shares of AAON by 21.1% during the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares in the last quarter. Finally, UMB Bank n.a. raised 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 worth $67,000 after acquiring an additional 282 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In related news, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Casey Kidwell sold 3,153 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 150,473 shares of company stock valued at $19,516,213. Corporate insiders own 18.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAON. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AAON Stock Up 3.5%

Shares of NASDAQ AAON traded up $3.91 during midday trading on Friday, reaching $114.16. The company’s stock had a trading volume of 828,480 shares, compared to its average volume of 867,238. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $150.46. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 79.83, a PEG ratio of 3.19 and a beta of 1.41. The stock has a 50 day simple moving average of $128.20 and a 200-day simple moving average of $103.02.

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

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s payout ratio is 27.97%.

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.