Louisiana State Employees Retirement System Makes New Investment in AAON, Inc. $AAON

Louisiana State Employees Retirement System bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 19,600 shares of the construction company’s stock, valued at approximately $1,622,000.

A number of other large investors also recently made changes to their positions in the stock. Millennium Management LLC grew its stake in shares of AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC lifted its stake in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after buying an additional 294 shares during the period. Goldman Sachs Group Inc. lifted its stake in AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after buying an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after buying an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

NASDAQ AAON opened at $116.42 on Thursday. The business has a 50 day simple moving average of $126.01 and a 200 day simple moving average of $101.56. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $150.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 81.41, a PEG ratio of 3.55 and a beta of 1.41.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million for 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% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. Analysts anticipate 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 was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, June 5th. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $112.00.

Insiders Place Their Bets

In other AAON news, CAO Rebecca Thompson sold 4,230 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the sale, the chief executive officer directly owned 114,371 shares in the company, valued at $15,482,402.27. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 150,473 shares of company stock worth $19,516,213 in the last ninety days. 18.09% of the stock is owned by insiders.

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.