AAON, Inc. $AAON Stock Position Raised by Bessemer Group Inc.

Bessemer Group Inc. raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 4,705.5% in the second quarter, Holdings Channel reports. The firm owned 9,563 shares of the construction company’s stock after buying an additional 9,364 shares during the period. Bessemer Group Inc.’s holdings in AAON were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cresset Asset Management LLC raised its stake in shares of AAON by 1.3% during the 1st quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock worth $949,000 after purchasing an additional 157 shares in the last quarter. CWM LLC raised its stake in shares of AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares in the last quarter. UMB Bank n.a. raised its stake in shares of AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after purchasing an additional 194 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of AAON by 1.1% during 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 acquiring an additional 200 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of AAON by 1.7% during the 1st quarter. Xponance Inc. now owns 13,946 shares of the construction company’s stock valued at $1,090,000 after acquiring an additional 235 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

Shares of NASDAQ:AAON opened at $98.39 on Friday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $144.07. The firm has a market capitalization of $8.02 billion, a PE ratio of 66.93 and a beta of 1.05. The business’s 50 day moving average is $92.75 and its 200-day moving average is $87.72. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%.The company had revenue of $322.05 million for the quarter. Sell-side analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio (DPR) is presently 27.21%.

Analyst Ratings Changes

A number of brokerages have recently commented on AAON. Oppenheimer increased their price objective on AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Wall Street Zen lowered AAON from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. DA Davidson lowered their price objective on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Robert W. Baird lowered their price objective on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

Insider Activity at AAON

In other news, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the sale, the insider owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. The trade was a 27.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.70% 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.