Capital World Investors Grows Stock Holdings in AAON, Inc. $AAON

Capital World Investors grew its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 9.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 580,774 shares of the construction company’s stock after purchasing an additional 51,428 shares during the period. Capital World Investors’ holdings in AAON were worth $44,284,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAON. Goldman Sachs Group Inc. boosted its stake in shares of AAON by 39.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 165,611 shares of the construction company’s stock valued at $12,628,000 after purchasing an additional 47,256 shares during the period. AXQ Capital LP purchased a new position in shares of AAON in the fourth quarter valued at $233,000. Arcadia Investment Management Corp MI boosted its stake in shares of AAON by 8.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 26,624 shares of the construction company’s stock valued at $2,030,000 after purchasing an additional 2,074 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of AAON by 1,582.8% in the fourth quarter. BNP Paribas Financial Markets now owns 175,312 shares of the construction company’s stock valued at $13,368,000 after purchasing an additional 164,894 shares during the period. Finally, Norges Bank purchased a new position in shares of AAON in the fourth quarter valued at $41,584,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Trading Down 1.8%

NASDAQ AAON opened at $129.66 on Wednesday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 90.67, a price-to-earnings-growth ratio of 3.70 and a beta of 1.39. The company’s fifty day moving average price is $112.65 and its two-hundred day moving average price is $97.01.

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

AAON Dividend Announcement

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%.

Insider Activity at AAON

In other AAON news, 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 directly owned 34,252 shares in the company, valued at $4,592,165.64. This represents a 47.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Casey Kidwell sold 5,225 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 155,698 shares of company stock valued at $19,986,463. 18.09% of the stock is owned by insiders.

Analyst Ratings Changes

AAON has been the subject of several analyst reports. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $107.75.

AAON 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.