Segall Bryant & Hamill LLC Trims Stock Position in AAON, Inc. (NASDAQ:AAON)

Segall Bryant & Hamill LLC lowered its position in AAON, Inc. (NASDAQ:AAON) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,220 shares of the construction company’s stock after selling 3,910 shares during the period. Segall Bryant & Hamill LLC owned 0.12% of AAON worth $10,269,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. increased its position in AAON by 4.5% during the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after buying an additional 156 shares in the last quarter. Ascent Wealth Partners LLC increased its stake in shares of AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock worth $1,456,000 after purchasing an additional 178 shares in the last quarter. Blue Trust Inc. raised its stake in shares of AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after buying an additional 198 shares during the period. New York State Teachers Retirement System raised its stake in AAON by 1.0% during the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock worth $2,083,000 after acquiring an additional 200 shares during the period. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% during the 2nd 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 period. Institutional investors own 70.81% of the company’s stock.

AAON Stock Up 2.8 %

Shares of NASDAQ:AAON opened at $135.76 on Friday. The business’s 50 day moving average is $113.21 and its 200 day moving average is $94.02. The stock has a market cap of $11.03 billion, a P/E ratio of 59.81 and a beta of 0.79. AAON, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. AAON’s dividend payout ratio is presently 14.10%.

Wall Street Analysts Forecast Growth

AAON has been the topic of several recent analyst reports. Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, DA Davidson increased their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Insider Activity at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now owns 4,953 shares of the company’s stock, valued at $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,217 shares of company stock valued at $5,467,162 over the last ninety days. 18.55% of the stock is owned by company insiders.

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.