AAON, Inc. $AAON Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 34.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,288 shares of the construction company’s stock after acquiring an additional 72,506 shares during the period. WCM Investment Management LLC’s holdings in AAON were worth $25,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Impax Asset Management Group plc lifted its stake in shares of AAON by 25.0% during the second quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock valued at $42,715,000 after buying an additional 117,446 shares during the period. Arcadia Investment Management Corp MI lifted its stake in shares of AAON by 88.8% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock worth $2,052,000 after purchasing an additional 13,087 shares during the period. Pembroke Management LTD boosted its holdings in shares of AAON by 28.6% during the third quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock worth $51,686,000 after purchasing an additional 122,937 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AAON by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock worth $53,751,000 after purchasing an additional 110,715 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP purchased a new stake in shares of AAON in the second quarter valued at $5,574,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAON shares. William Blair reiterated an “outperform” rating on shares of AAON in a research report on Tuesday, December 30th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $115.00 price target on shares of AAON in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, AAON has an average rating of “Moderate Buy” and a consensus target price of $104.60.

Insiders Place Their Bets

In related news, Director Gary D. Fields sold 3,553 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the completion of the sale, the director directly owned 26,340 shares in the company, valued at approximately $2,769,387.60. This represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen E. Wakefield acquired 4,141 shares of the business’s stock in a transaction on Friday, December 12th. The stock was bought at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the transaction, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Performance

NASDAQ AAON opened at $90.08 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $117.73. The firm has a market capitalization of $7.35 billion, a P/E ratio of 74.45 and a beta of 1.11. The business’s 50-day simple moving average is $84.80 and its 200-day simple moving average is $88.16.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 6th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $384.24 million during the quarter, compared to the consensus estimate of $337.20 million. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is presently 33.06%.

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.