AAON, Inc. $AAON Shares Sold by Comerica Bank

Comerica Bank lowered its stake in shares of AAON, Inc. (NASDAQ:AAON) by 31.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,118 shares of the construction company’s stock after selling 85,938 shares during the period. Comerica Bank owned 0.23% of AAON worth $14,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its position in AAON by 49.0% in the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after purchasing an additional 103 shares during the period. Parallel Advisors LLC lifted its stake in shares of AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock valued at $56,000 after purchasing an additional 149 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of AAON by 1.3% in the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock valued at $949,000 after purchasing an additional 157 shares during the last quarter. CWM LLC lifted its stake in shares of AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after purchasing an additional 192 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of AAON by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock valued at $1,477,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of NASDAQ AAON opened at $83.57 on Tuesday. The stock’s 50-day moving average is $78.06 and its two-hundred day moving average is $85.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.10 and a quick ratio of 1.99. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $144.07. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 56.85 and a beta of 0.94.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). AAON had a return on equity of 15.45% and a net margin of 9.70%.The company had revenue of $311.57 million for the quarter, compared to analysts’ expectations of $326.15 million. During the same quarter last year, the company earned $0.62 EPS. AAON’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 5th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is 27.21%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Sidoti raised AAON from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, June 16th. DA Davidson decreased their price target on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Robert W. Baird decreased their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, AAON has a consensus rating of “Buy” and a consensus price target 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.