Bridges Investment Management Inc. Sells 3,550 Shares of AAON, Inc. $AAON

Bridges Investment Management Inc. lowered its position in shares of AAON, Inc. (NASDAQ:AAON) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,777 shares of the construction company’s stock after selling 3,550 shares during the period. Bridges Investment Management Inc.’s holdings in AAON were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AAON. Millennium Management LLC increased its position in shares of AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after acquiring an additional 65,813 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 294 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after acquiring an additional 73,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after acquiring an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity

In other AAON news, CAO Rebecca Thompson sold 21,914 shares of AAON stock in a transaction on Friday, April 24th. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94. Following the sale, the chief accounting officer directly owned 27,681 shares in the company, valued at approximately $2,773,913.01. The trade was a 44.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider owned 12,662 shares in the company, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 151,468 shares of company stock worth $19,379,796 in the last quarter. Corporate insiders own 18.09% of the company’s stock.

AAON Trading Up 3.3%

Shares of AAON stock opened at $148.25 on Thursday. The company’s fifty day simple moving average is $108.63 and its 200-day simple moving average is $95.81. The stock has a market capitalization of $12.14 billion, a PE ratio of 103.67, a P/E/G ratio of 4.02 and a beta of 1.39. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter last year, the company posted $0.37 EPS. The company’s revenue was up 54.3% compared to the same quarter last year. As a group, equities analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s payout ratio is 27.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AAON shares. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $107.75.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.