Allspring Global Investments Holdings LLC Has $4.01 Million Position in AAON, Inc. (NASDAQ:AAON)

Allspring Global Investments Holdings LLC raised its stake in AAON, Inc. (NASDAQ:AAON) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,329 shares of the construction company’s stock after acquiring an additional 3,869 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of AAON worth $4,013,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock valued at $425,936,000 after purchasing an additional 2,725,779 shares in the last quarter. Morgan Stanley increased its stake in AAON by 321.1% in the fourth quarter. Morgan Stanley now owns 1,819,718 shares of the construction company’s stock valued at $137,061,000 after acquiring an additional 1,387,594 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in AAON by 46.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after acquiring an additional 1,380,751 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in AAON by 50.8% during the third quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock valued at $189,324,000 after purchasing an additional 1,120,754 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in AAON by 111.8% during the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after purchasing an additional 847,953 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Price Performance

AAON stock opened at $85.41 on Friday. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 40.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. The company has a 50 day simple moving average of $84.80 and a 200 day simple moving average of $72.07. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $93.30.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $306.60 million during the quarter, compared to analysts’ expectations of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. AAON’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, March 15th. AAON’s dividend payout ratio (DPR) is currently 15.00%.

Insider Activity

In related news, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the sale, the vice president now directly owns 15,992 shares in the company, valued at approximately $1,293,113.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Stephen E. Wakefield sold 24,655 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the transaction, the vice president now directly owns 15,992 shares of the company’s stock, valued at approximately $1,293,113.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders sold 44,596 shares of company stock valued at $3,613,768 over the last quarter. 19.16% of the stock is 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.