Peregrine Capital Management LLC Has $10.24 Million Position in AAON, Inc. $AAON

Peregrine Capital Management LLC cut its holdings in AAON, Inc. (NASDAQ:AAON) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,807 shares of the construction company’s stock after selling 5,272 shares during the period. Peregrine Capital Management LLC owned 0.15% of AAON worth $10,245,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP grew its holdings in AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock valued at $521,495,000 after buying an additional 2,099,385 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of AAON by 96.4% during the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after buying an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of AAON by 23.8% during the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after buying an additional 436,704 shares during the last quarter. First Trust Advisors LP boosted its position in shares of AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after acquiring an additional 1,115,566 shares during the period. Finally, Conestoga Capital Advisors LLC grew its stake in shares of AAON by 5.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock worth $135,421,000 after acquiring an additional 84,693 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of NASDAQ:AAON opened at $126.86 on Wednesday. The firm has a market capitalization of $10.39 billion, a PE ratio of 88.71, a PEG ratio of 3.52 and a beta of 1.39. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $150.46. The business’s 50 day moving average is $125.63 and its 200-day moving average is $101.33.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS 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 business had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. During the same period in the prior year, the company posted $0.37 earnings per share. AAON’s revenue was up 54.3% on a year-over-year basis. Sell-side analysts predict that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

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

Analysts Set New Price Targets

AAON has been the topic of a number of research reports. Zacks Research raised 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. One equities 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, the company presently has a consensus rating of “Buy” and an average target price of $112.00.

Insider Buying and Selling at AAON

In other news, 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary D. Fields sold 31,271 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the completion of the transaction, the director directly owned 34,252 shares of the company’s stock, valued at $4,592,165.64. This trade represents a 47.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,473 shares of company stock valued at $19,516,213 over the last quarter. 18.09% of the stock is currently owned by insiders.

About AAON

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.