AAON, Inc. $AAON Shares Bought by Senvest Management LLC

Senvest Management LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 63.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,740 shares of the construction company’s stock after buying an additional 121,200 shares during the quarter. Senvest Management LLC’s holdings in AAON were worth $25,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of AAON during the fourth quarter worth $45,000. Danske Bank A S acquired a new position in AAON during the third quarter valued at $47,000. Huntington National Bank lifted its position in AAON by 21.1% during the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Finally, UMB Bank n.a. boosted its holdings in AAON by 46.8% in the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after purchasing an additional 282 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Stock Performance

Shares of NASDAQ AAON opened at $102.67 on Friday. The company’s fifty day moving average price is $125.19 and its 200 day moving average price is $105.31. 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 $8.41 billion, a PE ratio of 71.80, a price-to-earnings-growth ratio of 3.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter last year, the business earned $0.37 earnings per share. The firm’s revenue was up 54.3% on a year-over-year basis. On average, research analysts predict that AAON, Inc. will post 2.25 earnings per share for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid 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, June 5th. AAON’s dividend payout ratio is presently 27.97%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AAON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. KeyCorp began coverage on AAON in a report on Thursday. They issued a “sector weight” rating for the company. Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, AAON has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Insider Activity

In related news, Director Gary D. Fields sold 19,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the transaction, the director owned 15,252 shares of the company’s stock, valued at approximately $2,138,330.40. This represents a 55.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Thompson sold 4,230 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total value of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 118,980 shares of company stock worth $16,361,330. 18.09% of the stock is currently owned by corporate insiders.

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.