MidFirst Bank Takes $427,000 Position in AAON, Inc. $AAON

MidFirst Bank purchased a new position in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, Holdings Channel.com reports. The firm purchased 5,596 shares of the construction company’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of AAON by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock valued at $448,000 after purchasing an additional 99 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of AAON by 30.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after buying an additional 101 shares during the period. Huntington National Bank lifted its position in shares of AAON by 21.1% during the 4th quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after buying an additional 120 shares during the period. Jones Financial Companies Lllp boosted its stake in AAON by 59.5% in 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. Finally, Hantz Financial Services Inc. boosted its stake in AAON by 20.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after buying an additional 181 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON opened at $136.72 on Friday. 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. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The business’s 50 day simple moving average is $120.43 and its 200-day simple moving average is $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 released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. During the same period last year, the firm posted $0.37 EPS. The business’s revenue was up 54.3% on a year-over-year basis. As a group, sell-side analysts predict that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

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

Insider Activity at AAON

In other AAON news, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the transaction, the insider directly owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the completion of the transaction, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at approximately $15,482,402.27. This represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,473 shares of company stock worth $19,516,213 in the last 90 days. Corporate insiders own 18.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One 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 company’s stock. According to data from MarketBeat, AAON has an average rating of “Buy” and a consensus 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.