Allspring Global Investments Holdings LLC Has $7.01 Million Stake in AAON, Inc. $AAON

Allspring Global Investments Holdings LLC trimmed its position in shares of AAON, Inc. (NASDAQ:AAON) by 84.1% in the first quarter, Holdings Channel reports. The fund owned 83,811 shares of the construction company’s stock after selling 443,709 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AAON were worth $7,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in AAON by 44.3% during the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after purchasing an additional 2,099,385 shares during the last quarter. Wasatch Advisors LP raised its holdings in AAON by 23.8% in the 1st quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock valued at $187,687,000 after acquiring an additional 436,704 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in AAON by 5.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after acquiring an additional 84,693 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of AAON by 53.2% during the 4th quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock worth $107,028,000 after purchasing an additional 487,601 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in AAON by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock worth $105,343,000 after purchasing an additional 20,588 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Finally, KeyCorp initiated coverage on AAON in a research report on Thursday. They set a “sector weight” rating for the company. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

Insider Transactions at AAON

In other AAON news, Director Gary D. Fields sold 19,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the sale, the director owned 15,252 shares in the company, valued at approximately $2,138,330.40. This trade represents a 55.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 118,980 shares of company stock worth $16,361,330. Corporate insiders own 18.09% of the company’s stock.

AAON Stock Up 0.5%

NASDAQ AAON opened at $107.68 on Friday. The firm has a market cap of $8.82 billion, a PE ratio of 75.30, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The stock’s 50 day simple moving average is $125.85 and its 200 day simple moving average is $105.33. 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 released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s revenue was up 54.3% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. As a group, sell-side analysts forecast that AAON, Inc. will post 2.25 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s dividend payout ratio is currently 27.97%.

AAON Company 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.