Daiwa Securities Group Inc. Reduces Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Daiwa Securities Group Inc. cut its holdings in AAON, Inc. (NASDAQ:AAON) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,588 shares of the construction company’s stock after selling 9,000 shares during the period. Daiwa Securities Group Inc. owned about 0.10% of AAON worth $5,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after purchasing an additional 2,725,779 shares in the last quarter. Morgan Stanley lifted its stake in AAON by 321.1% in the 4th quarter. Morgan Stanley now owns 1,819,718 shares of the construction company’s stock valued at $137,061,000 after buying an additional 1,387,594 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in AAON by 46.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after buying an additional 1,380,751 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in AAON by 50.8% during the third quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock worth $189,324,000 after buying an additional 1,120,754 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of AAON by 111.8% in the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after acquiring an additional 847,953 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Stock Up 0.2 %

Shares of NASDAQ:AAON opened at $85.41 on Friday. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7.01 billion, a P/E ratio of 40.04 and a beta of 0.91. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $93.30. The stock’s fifty day simple moving average is $84.80 and its 200-day simple moving average is $72.07.

AAON (NASDAQ:AAON) last released its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. As a group, equities research analysts forecast that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. AAON’s dividend payout ratio (DPR) is currently 15.00%.

Insiders Place Their Bets

In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, the director now owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the sale, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. In the last three months, insiders sold 44,596 shares of company stock valued at $3,613,768. Company insiders own 19.16% of the company’s stock.

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.