AAON, Inc. (NASDAQ:AAON) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV trimmed its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,925 shares of the construction company’s stock after selling 11,423 shares during the period. Azzad Asset Management Inc. ADV owned about 0.05% of AAON worth $3,694,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AAON by 57.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after acquiring an additional 2,725,779 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in AAON by 0.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after buying an additional 25,178 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in AAON by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 1,702,641 shares of the construction company’s stock valued at $125,774,000 after purchasing an additional 13,864 shares during the last quarter. Ameriprise Financial Inc. boosted its position in AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after purchasing an additional 847,953 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in shares of AAON by 5.0% during the fourth quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company’s stock valued at $75,706,000 after acquiring an additional 49,007 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON traded down $0.04 during midday trading on Wednesday, reaching $85.76. The stock had a trading volume of 72,615 shares, compared to its average volume of 734,498. The company has a market capitalization of $7.05 billion, a P/E ratio of 39.91 and a beta of 0.80. The firm’s 50 day moving average price is $79.53 and its 200-day moving average price is $79.53. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $96.34.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The business had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. AAON had a return on equity of 25.84% and a net margin of 15.44%. AAON’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.24 earnings per share for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. AAON’s dividend payout ratio (DPR) is 14.88%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, June 17th. William Blair started coverage on shares of AAON in a research report on Monday, April 29th. They issued an “outperform” rating for the company. Finally, DA Davidson restated a “buy” rating and set a $102.00 price target on shares of AAON in a research report on Wednesday, June 26th.

Insider Buying and Selling

In related news, CFO Rebecca Thompson sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares of the company’s stock, valued at approximately $1,331,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AAON news, CEO Gary D. Fields sold 28,200 shares of AAON stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $4,894,778.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rebecca Thompson sold 13,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

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.