Swiss National Bank Cuts Position in AAON, Inc. (NASDAQ:AAON)

Swiss National Bank lessened its holdings in AAON, Inc. (NASDAQ:AAON) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,925 shares of the construction company’s stock after selling 1,500 shares during the period. Swiss National Bank owned approximately 0.16% of AAON worth $10,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock worth $509,111,000 after buying an additional 276,722 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of AAON by 86.2% in the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company’s stock worth $170,143,000 after buying an additional 1,007,906 shares during the last quarter. Geneva Capital Management LLC boosted its stake in shares of AAON by 13.1% in the 1st quarter. Geneva Capital Management LLC now owns 1,897,728 shares of the construction company’s stock worth $148,269,000 after buying an additional 219,814 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AAON by 39.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,101,692 shares of the construction company’s stock worth $86,075,000 after buying an additional 312,855 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of AAON by 85.6% in the 4th quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company’s stock worth $125,813,000 after buying an additional 493,219 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $79.55 on Friday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $144.07. The company has a current ratio of 3.10, a quick ratio of 1.80 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $77.55 and its 200 day simple moving average is $87.58. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 54.12 and a beta of 0.94.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). The company had revenue of $311.57 million during the quarter, compared to the consensus estimate of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%. AAON’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. Sell-side analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, September 5th. AAON’s payout ratio is presently 27.21%.

Insider Activity

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. The trade was a 70.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Monday, June 16th. Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday. DA Davidson dropped their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $102.00.

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.