Brown Advisory Inc. Sells 42,899 Shares of AAON, Inc. $AAON

Brown Advisory Inc. reduced its position in shares of AAON, Inc. (NASDAQ:AAON) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 785,141 shares of the construction company’s stock after selling 42,899 shares during the period. Brown Advisory Inc.’s holdings in AAON were worth $59,867,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Moore Capital Management LP bought a new stake in AAON in the third quarter worth about $13,959,000. Comerica Bank raised its position in AAON by 23.7% in the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after acquiring an additional 45,660 shares during the period. First Trust Advisors LP raised its position in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after acquiring an additional 1,115,566 shares during the period. Champlain Investment Partners LLC raised its position in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after acquiring an additional 1,138,658 shares during the period. Finally, Capital International Investors raised its position in AAON by 50.9% in the third quarter. Capital International Investors now owns 1,471,792 shares of the construction company’s stock worth $137,524,000 after acquiring an additional 496,581 shares during the period. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON opened at $127.19 on Monday. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 88.94, a PEG ratio of 3.56 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $150.46. The firm has a 50 day moving average price of $115.30 and a 200-day moving average price of $97.73.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. As a group, equities research analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Announces Dividend

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

Insider Activity at AAON

In related news, EVP Gordon Douglas Wichman sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the sale, the executive vice president directly owned 10,997 shares in the company, valued at $1,543,868.83. This represents a 21.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Rebecca Thompson sold 4,230 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total transaction of $606,666.60. The SEC filing for this sale provides additional information. Insiders sold a total of 150,473 shares of company stock worth $19,516,213 over the last ninety days. Insiders own 18.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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 reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, AAON has an average rating of “Buy” and a consensus target price of $107.75.

AAON Profile

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.