LRT Capital Management LLC Reduces Position in AAON, Inc. $AAON

LRT Capital Management LLC lessened its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,820 shares of the construction company’s stock after selling 6,960 shares during the quarter. LRT Capital Management LLC’s holdings in AAON were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AAON. EverSource Wealth Advisors LLC lifted its stake in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares in the last quarter. Danske Bank A S purchased a new position in shares of AAON during the 3rd quarter valued at $47,000. Huntington National Bank lifted its stake in shares of AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after buying an additional 121 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of AAON by 46.8% during the 4th quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other AAON news, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 114,371 shares in the company, valued at $15,482,402.27. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $143.42, for a total transaction of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is owned by corporate insiders.

AAON Stock Down 1.1%

Shares of AAON stock opened at $127.19 on Friday. The stock has a market cap of $10.42 billion, a P/E ratio of 88.94, a PEG ratio of 3.56 and a beta of 1.39. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $115.30 and its two-hundred day simple moving average is $97.70.

AAON (NASDAQ:AAON) last announced its quarterly 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 business had revenue of $496.94 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. Analysts predict that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.