11 Capital Partners LP Trims Position in AAON, Inc. (NASDAQ:AAON)

11 Capital Partners LP trimmed its stake in shares of AAON, Inc. (NASDAQ:AAON) by 6.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,000 shares of the construction company’s stock after selling 2,533 shares during the period. AAON accounts for 1.4% of 11 Capital Partners LP’s portfolio, making the stock its 13th largest holding. 11 Capital Partners LP’s holdings in AAON were worth $3,490,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Ascent Wealth Partners LLC grew its stake in AAON by 1.1% during the second quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after acquiring an additional 178 shares in the last quarter. GAMMA Investing LLC grew its stake in AAON by 35.6% during the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after acquiring an additional 181 shares in the last quarter. Signaturefd LLC grew its stake in AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after acquiring an additional 238 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in AAON by 3.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,963 shares of the construction company’s stock valued at $514,000 after purchasing an additional 257 shares during the last quarter. Finally, ORG Partners LLC bought a new position in AAON during the second quarter valued at $29,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 1.6 %

Shares of AAON opened at $104.05 on Friday. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $104.73. The company has a 50-day moving average of $90.43 and a 200 day moving average of $85.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 48.40 and a beta of 0.80.

AAON (NASDAQ:AAON) last posted its 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 net margin of 15.60% and a return on equity of 26.02%. AAON’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, research analysts expect that AAON, Inc. will post 2.29 EPS for the current year.

AAON Dividend Announcement

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 issued a $0.08 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. AAON’s dividend payout ratio is currently 14.88%.

Insiders Place Their Bets

In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the transaction, the director now owns 5,135 shares of the company’s stock, valued at $448,850.35. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the transaction, the director now owns 5,135 shares of the company’s stock, valued at $448,850.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares of the company’s stock, valued at approximately $1,412,337.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,609 shares of company stock valued at $5,441,927. Insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird raised their target price on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $102.00.

AAON 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.