AAON, Inc. $AAON Stock Acquired by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its stake in AAON, Inc. (NASDAQ:AAON) by 2,151.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,968 shares of the construction company’s stock after acquiring an additional 17,170 shares during the period. CENTRAL TRUST Co’s holdings in AAON were worth $1,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AAON. Fifth Third Bancorp raised its stake in shares of AAON by 1.2% during the 3rd quarter. Fifth Third Bancorp now owns 207,817 shares of the construction company’s stock valued at $17,199,000 after purchasing an additional 2,429 shares during the period. New York Life Investment Management LLC lifted its holdings in AAON by 28.3% during the 3rd quarter. New York Life Investment Management LLC now owns 9,309 shares of the construction company’s stock worth $770,000 after purchasing an additional 2,051 shares in the last quarter. AlphaCore Capital LLC boosted its stake in AAON by 55.9% in the 3rd quarter. AlphaCore Capital LLC now owns 5,529 shares of the construction company’s stock worth $458,000 after purchasing an additional 1,982 shares during the period. Retirement Systems of Alabama boosted its stake in AAON by 0.6% in the 3rd quarter. Retirement Systems of Alabama now owns 204,502 shares of the construction company’s stock worth $16,925,000 after purchasing an additional 1,121 shares during the period. Finally, Fulcrum Asset Management LLP bought a new position in AAON in the 3rd quarter worth about $129,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Price Performance

NASDAQ:AAON opened at $80.25 on Friday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 1.29 and a beta of 1.45. AAON, Inc. has a 52-week low of $53.13 and a 52-week high of $150.46. The stock has a fifty day moving average of $76.86 and a 200 day moving average of $96.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.01 and a current ratio of 2.82.

AAON (NASDAQ:AAON) last posted its earnings results on Monday, November 9th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.57 by $0.26. The business had revenue of $707.43 million during the quarter, compared to analysts’ expectations of $601.19 million. AAON had a return on equity of 20.23% and a net margin of 8.75%. The firm’s revenue was up 84.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. On average, research analysts expect that AAON, Inc. will post 2.66 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, November 25th. AAON’s dividend payout ratio (DPR) is 16.81%.

Insider Transactions at AAON

In related news, Director David Stewart acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $298,640. This trade represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew Shaub acquired 457 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average price of $76.42 per share, for a total transaction of $34,923.94. Following the completion of the transaction, the executive vice president owned 3,136 shares of the company’s stock, valued at $239,653.12. The trade was a 17.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.09% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price (down from $115.00) on shares of AAON in a report on Tuesday. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Monday, October 12th. DA Davidson initiated coverage on shares of AAON in a research report on Tuesday, September 15th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on shares of AAON from $110.00 to $104.00 and set an “outperform” rating for the company in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.33.

AAON News Roundup

Here’s some of the latest news about AAON:

• Positive Sentiment: The company expanded and refinanced its senior credit facility, increasing potential borrowing capacity from $600 million to as much as $1.2 billion. The added capacity may help fund continued growth, though borrowing availability is not the same as cash on hand. The Aaon Group Announces Expansion of Credit Facility
• Positive Sentiment: Zacks upgraded AAON to Rank #1 (Strong Buy), citing improving earnings prospects and estimate revisions—an encouraging near-term signal, though ratings do not guarantee performance. What Makes AAON a New Strong Buy Stock
• Neutral Sentiment: Analyst price targets imply potential upside, and one valuation article described the shares as possibly undervalued. These are estimates rather than assured returns, particularly after a sharp recent rally. AAON Could Be 33% Undervalued

AAON Profile

AAON, Inc. designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial buildings. Founded in 1988, the company is headquartered in Tulsa, Oklahoma, and sells products under the AAON and BASX brands. Its products include rooftop units, chillers, air-handling units, heat pumps and other custom HVAC systems. BASX specializes in equipment for data centers and other demanding applications, while AAON also offers controls and related services. AAON serves customers primarily in North America, with products also reaching international markets through its sales and distribution network.