Next Century Growth Investors LLC Has $10.63 Million Holdings in AAON, Inc. $AAON

Next Century Growth Investors LLC grew its stake in shares of AAON, Inc. (NASDAQ:AAON) by 18.9% in the 4th quarter, HoldingsChannel reports. The fund owned 139,381 shares of the construction company’s stock after purchasing an additional 22,148 shares during the quarter. Next Century Growth Investors LLC’s holdings in AAON were worth $10,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in AAON by 30.2% during the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after acquiring an additional 101 shares during the last quarter. 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 worth $53,000 after acquiring an additional 120 shares during the last quarter. Jones Financial Companies Lllp lifted its position in AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Hantz Financial Services Inc. lifted its position in AAON by 20.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after acquiring an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock worth $121,000 after acquiring an additional 211 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Oppenheimer restated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. 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. Based on data from MarketBeat.com, AAON presently has a consensus rating of “Buy” and an average target price of $107.75.

Insider Activity

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the sale, the executive vice president owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 114,371 shares in the company, valued at approximately $15,482,402.27. The trade was a 6.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 150,473 shares of company stock valued at $19,516,213. 18.09% of the stock is currently owned by insiders.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $127.19 on Friday. The company’s 50 day simple moving average is $115.30 and its 200 day simple moving average is $97.70. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 88.94, a price-to-earnings-growth ratio of 3.56 and a beta of 1.39. 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, Inc. has a 1 year low of $62.00 and a 1 year high of $150.46.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. As a group, research analysts predict that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid 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 of this dividend is Friday, June 5th. AAON’s payout ratio is presently 27.97%.

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.