Resolute Capital Asset Partners LLC Acquires Shares of 30,000 AAON, Inc. (NASDAQ:AAON)

Resolute Capital Asset Partners LLC bought a new stake in AAON, Inc. (NASDAQ:AAON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the construction company’s stock, valued at approximately $2,617,000. AAON accounts for about 1.5% of Resolute Capital Asset Partners LLC’s portfolio, making the stock its 27th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after purchasing an additional 61,544 shares during the period. Janney Montgomery Scott LLC boosted its position in AAON by 99.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock valued at $1,520,000 after buying an additional 8,613 shares during the period. Janus Henderson Group PLC increased its position in shares of AAON by 79.8% during the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company’s stock worth $5,186,000 after acquiring an additional 26,141 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of AAON by 71.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 527,875 shares of the construction company’s stock valued at $46,505,000 after acquiring an additional 219,435 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of AAON by 18.9% in the first quarter. Lord Abbett & CO. LLC now owns 592,804 shares of the construction company’s stock valued at $52,226,000 after purchasing an additional 94,026 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

AAON has been the topic of several research reports. Robert W. Baird raised their price objective on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and issued a $102.00 price objective on shares of AAON in a research note on Wednesday, June 26th. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.00.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the sale, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction 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 transaction, the chief executive officer now directly owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,609 shares of company stock worth $5,441,927. Insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of AAON opened at $96.93 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 45.08 and a beta of 0.80. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $99.27. The company has a 50 day moving average of $89.87 and a two-hundred day moving average of $84.95.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. As a group, analysts predict that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, September 6th. AAON’s dividend payout ratio is currently 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.