Tulsa Wealth Advisors INC Invests $645,000 in AAON, Inc. $AAON

Tulsa Wealth Advisors INC purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,463 shares of the construction company’s stock, valued at approximately $645,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Moore Capital Management LP acquired a new stake in shares of AAON in the 3rd quarter valued at approximately $13,959,000. Comerica Bank grew its holdings in AAON by 23.7% during the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after acquiring an additional 45,660 shares during the period. First Trust Advisors LP grew its holdings in AAON by 136.4% during the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after acquiring an additional 1,115,566 shares during the period. Champlain Investment Partners LLC raised its position in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after acquiring an additional 1,138,658 shares in the last quarter. Finally, Capital International Investors raised its position in AAON by 50.9% in the third quarter. Capital International Investors now owns 1,471,792 shares of the construction company’s stock worth $137,524,000 after acquiring an additional 496,581 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

NASDAQ AAON opened at $136.72 on Friday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. The company has a market capitalization of $11.20 billion, a P/E ratio of 95.61, a PEG ratio of 3.83 and a beta of 1.39. The business has a 50 day moving average price of $120.43 and a 200 day moving average price of $99.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

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

AAON Dividend Announcement

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

Insider Transactions at AAON

In other AAON news, insider Casey Kidwell sold 3,153 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the completion of the transaction, the insider directly owned 13,463 shares in the company, valued at approximately $1,861,932.90. This trade represents a 18.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Rebecca Thompson sold 21,914 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $100.21, for a total transaction of $2,196,001.94. Following the transaction, the chief accounting officer owned 27,681 shares of the company’s stock, valued at $2,773,913.01. This trade represents a 44.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 150,473 shares of company stock worth $19,516,213. Corporate insiders own 18.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AAON. William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Oppenheimer reiterated an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $112.00.

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.