AAON, Inc. (NASDAQ:AAON) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lowered its stake in AAON, Inc. (NASDAQ:AAON) by 24.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,919 shares of the construction company’s stock after selling 4,228 shares during the quarter. Parcion Private Wealth LLC’s holdings in AAON were worth $1,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of AAON in the 3rd quarter worth approximately $89,000. Private Advisor Group LLC bought a new stake in AAON during the third quarter worth approximately $251,000. Sequoia Financial Advisors LLC acquired a new stake in AAON in the third quarter worth approximately $233,000. Berry Wealth Group LP bought a new position in AAON during the 3rd quarter valued at $225,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of AAON by 7.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 375,499 shares of the construction company’s stock valued at $40,494,000 after purchasing an additional 25,417 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several research analyst reports. Robert W. Baird upped their price objective on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Baird R W raised shares of AAON to a “hold” rating in a report on Wednesday, July 24th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $102.00 to $111.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $105.00.

Insider Buying and Selling at AAON

In other news, CEO Gary D. Fields sold 20,641 shares of AAON 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 transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

AAON Trading Up 4.6 %

NASDAQ:AAON opened at $111.19 on Friday. The stock has a fifty day simple moving average of $100.92 and a 200 day simple moving average of $89.36. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 51.72 and a beta of 0.80. AAON, Inc. has a 1-year low of $53.03 and a 1-year high of $113.86. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts forecast that AAON, Inc. will post 2.28 earnings per share for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is 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.