AAON, Inc. $AAON Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 9.6% in the fourth quarter, Holdings Channel reports. The firm owned 467,496 shares of the construction company’s stock after acquiring an additional 40,892 shares during the period. Royce & Associates LP’s holdings in AAON were worth $35,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAON. EverSource Wealth Advisors LLC increased its position in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in AAON during the 3rd quarter worth approximately $26,000. Jones Financial Companies Lllp increased its position in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares in the last quarter. Danske Bank A S acquired a new stake in AAON during the 3rd quarter worth approximately $47,000. Finally, Huntington National Bank increased its position in AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the transaction, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This represents a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary D. Fields sold 31,271 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director owned 34,252 shares in the company, valued at $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 108,295 shares of company stock valued at $13,323,408. 18.09% of the stock is owned by insiders.

AAON Price Performance

Shares of NASDAQ:AAON opened at $134.60 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The company has a 50 day moving average of $100.03 and a two-hundred day moving average of $93.79. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 94.13, a price-to-earnings-growth ratio of 3.77 and a beta of 1.24.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. As a group, analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio is 27.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on AAON. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $107.75.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.