Ensign Peak Advisors Inc Purchases 1,010 Shares of AAON, Inc. (NASDAQ:AAON)

Ensign Peak Advisors Inc raised its position in AAON, Inc. (NASDAQ:AAON) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,911 shares of the construction company’s stock after purchasing an additional 1,010 shares during the period. Ensign Peak Advisors Inc’s holdings in AAON were worth $2,814,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Driehaus Capital Management LLC increased its stake in AAON by 5.5% in the fourth quarter. Driehaus Capital Management LLC now owns 693,407 shares of the construction company’s stock valued at $81,600,000 after purchasing an additional 36,362 shares in the last quarter. Cresset Asset Management LLC increased its stake in AAON by 4.8% in the fourth quarter. Cresset Asset Management LLC now owns 11,994 shares of the construction company’s stock valued at $1,411,000 after purchasing an additional 550 shares in the last quarter. Captrust Financial Advisors increased its stake in AAON by 29.8% in the fourth quarter. Captrust Financial Advisors now owns 11,415 shares of the construction company’s stock valued at $1,343,000 after purchasing an additional 2,619 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in AAON in the fourth quarter valued at approximately $11,294,000. Finally, Baird Financial Group Inc. increased its position in shares of AAON by 43.5% during the fourth quarter. Baird Financial Group Inc. now owns 520,857 shares of the construction company’s stock worth $61,294,000 after acquiring an additional 157,800 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAON. StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. CJS Securities raised shares of AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Friday, February 28th. DA Davidson lowered their price objective on shares of AAON from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Robert W. Baird lowered their price objective on shares of AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Down 0.7%

AAON stock opened at $104.11 on Friday. The company has a market cap of $8.47 billion, a P/E ratio of 45.86 and a beta of 1.06. AAON, Inc. has a 1-year low of $68.98 and a 1-year high of $144.07. The company has a fifty day simple moving average of $85.56 and a 200 day simple moving average of $107.91. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON) last released its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to the consensus estimate of $289.16 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. This is an increase from AAON’s previous quarterly dividend of $0.08. AAON’s dividend payout ratio (DPR) is 21.05%.

AAON announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at AAON

In other news, Director David Raymond Stewart purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 8,357 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total transaction of $824,501.62. Following the completion of the sale, the chief executive officer now owns 26,491 shares of the company’s stock, valued at approximately $2,613,602.06. This represents a 23.98% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is owned by insiders.

About AAON

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.