Prescott Group Capital Management L.L.C. Purchases 60,000 Shares of AAON, Inc. $AAON

Prescott Group Capital Management L.L.C. bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 60,000 shares of the construction company’s stock, valued at approximately $4,966,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAON. Wasatch Advisors LP grew its position in AAON by 3.1% in the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock valued at $296,664,000 after acquiring an additional 70,399 shares in the last quarter. First Trust Advisors LP raised its stake in shares of AAON by 22.1% during the first quarter. First Trust Advisors LP now owns 2,013,215 shares of the construction company’s stock valued at $166,594,000 after purchasing an additional 364,101 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of AAON during the second quarter valued at approximately $55,284,000. American Capital Management Inc. acquired a new position in shares of AAON during the second quarter worth $47,595,000. Finally, Ranger Investment Management L.P. acquired a new position in shares of AAON during the second quarter worth $30,574,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON stock opened at $69.08 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. AAON, Inc. has a 52-week low of $65.55 and a 52-week high of $150.46. The stock’s 50 day moving average is $78.28 and its two-hundred day moving average is $97.51. The company has a market capitalization of $5.70 billion, a PE ratio of 35.23, a P/E/G ratio of 1.26 and a beta of 1.45.

AAON (NASDAQ:AAON) last released its earnings results on Monday, August 10th. The construction company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a return on equity of 17.32% and a net margin of 8.24%. The company had revenue of $626.98 million during the quarter, compared to analysts’ expectations of $508.82 million. During the same period in the prior year, the business posted $0.22 EPS. The business’s revenue was up 101.2% on a year-over-year basis. Analysts predict that AAON, Inc. will post 2.35 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.40 annualized dividend and a yield of 0.6%. AAON’s dividend payout ratio is currently 20.83%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAON. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Monday, October 12th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. DA Davidson began coverage on shares of AAON in a report on Tuesday, September 15th. They issued a “buy” rating and a $110.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Finally, Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, AAON has an average rating of “Moderate Buy” and an average target price of $120.00.

Insider Buying and Selling at AAON

In related news, Director David Stewart acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $74.66 per share, with a total value of $74,660.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately $298,640. The trade was a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Shaub bought 457 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of $76.42 per share, with a total value of $34,923.94. Following the transaction, the executive vice president directly owned 3,136 shares in the company, valued at approximately $239,653.12. The trade was a 17.06% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 18.09% of the company’s stock.

About AAON

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.