Bessemer Group Inc. Sells 9,510 Shares of AAON, Inc. $AAON

Bessemer Group Inc. decreased its position in shares of AAON, Inc. (NASDAQ:AAON) by 49.1% during the first quarter, Holdings Channel.com reports. The fund owned 9,878 shares of the construction company’s stock after selling 9,510 shares during the quarter. Bessemer Group Inc.’s holdings in AAON were worth $817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Toronto Dominion Bank boosted its stake in shares of AAON by 1.7% in the fourth quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock worth $448,000 after acquiring an additional 99 shares during the period. Huntington National Bank lifted its holdings in shares of AAON by 21.1% in the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after acquiring an additional 120 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in AAON by 20.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after buying an additional 181 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of AAON by 0.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 46,843 shares of the construction company’s stock valued at $3,877,000 after buying an additional 201 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AAON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. KeyCorp assumed coverage on AAON in a report on Thursday. They issued a “sector weight” rating for the company. Zacks Research lowered shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Insider Activity at AAON

In other AAON news, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the sale, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Rebecca Thompson sold 4,230 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 118,980 shares of company stock worth $16,361,330 in the last 90 days. 18.09% of the stock is owned by insiders.

AAON Stock Up 0.5%

AAON stock opened at $107.68 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 75.30, a PEG ratio of 2.98 and a beta of 1.41. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. The business has a fifty day moving average price of $125.85 and a 200-day moving average price of $105.33.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts forecast that AAON, Inc. will post 2.25 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were paid a $0.10 dividend. The ex-dividend date 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 (DPR) is 27.97%.

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.