Value Aligned Research Advisors LLC Buys 193,376 Shares of AAON, Inc. $AAON

Value Aligned Research Advisors LLC increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 57.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,874 shares of the construction company’s stock after purchasing an additional 193,376 shares during the quarter. Value Aligned Research Advisors LLC owned approximately 0.65% of AAON worth $49,325,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of AAON by 3.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after buying an additional 115 shares in the last quarter. Huntington National Bank grew its position in shares of AAON by 27.0% in the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after buying an additional 121 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares in 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 valued at $121,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. The trade was a 29.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AAON shares. Oppenheimer restated an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson reiterated a “buy” rating and issued a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.75.

AAON Stock Down 1.2%

NASDAQ:AAON opened at $78.55 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company has a market cap of $6.40 billion, a PE ratio of 60.42, a P/E/G ratio of 2.46 and a beta of 1.09. The company’s 50 day moving average is $93.60 and its two-hundred day moving average is $91.20.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. Analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Wednesday, March 18th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is 30.77%.

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.