Trust Co. of Oklahoma Reduces Position in AAON, Inc. (NASDAQ:AAON)

Trust Co. of Oklahoma trimmed its stake in AAON, Inc. (NASDAQ:AAON) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,554 shares of the construction company’s stock after selling 116 shares during the period. Trust Co. of Oklahoma’s holdings in AAON were worth $383,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in AAON in the 2nd quarter valued at about $29,000. ORG Wealth Partners LLC bought a new stake in shares of AAON in the 3rd quarter valued at about $37,000. Crewe Advisors LLC bought a new stake in shares of AAON in the 2nd quarter valued at about $35,000. Signaturefd LLC raised its holdings in shares of AAON by 63.5% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of AAON by 35.6% in the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after purchasing an additional 181 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the sale, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AAON shares. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price target on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson restated a “buy” rating and issued a $102.00 price target on shares of AAON in a report on Wednesday, June 26th. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.00.

AAON Stock Performance

AAON stock traded down $0.69 during mid-day trading on Tuesday, reaching $111.34. 139,994 shares of the company traded hands, compared to its average volume of 618,306. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $113.86. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 51.63 and a beta of 0.80. The firm’s fifty day moving average is $96.97 and its two-hundred day moving average is $88.03.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. During the same quarter in the prior year, the business posted $0.55 EPS. AAON’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio (DPR) is currently 14.88%.

AAON Company 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.