AAON, Inc. $AAON Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its stake in AAON, Inc. (NASDAQ:AAON) by 23.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,268,118 shares of the construction company’s stock after buying an additional 436,704 shares during the quarter. AAON makes up about 1.2% of Wasatch Advisors LP’s holdings, making the stock its 29th biggest position. Wasatch Advisors LP’s holdings in AAON were worth $187,687,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AAON. EverSource Wealth Advisors LLC increased its position in AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after buying an additional 164 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of AAON in the fourth quarter worth $45,000. Danske Bank A S purchased a new stake in shares of AAON in the third quarter valued at $47,000. Huntington National Bank lifted its position in shares of AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after acquiring an additional 121 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of AAON by 46.8% during the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after acquiring an additional 282 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

Shares of NASDAQ:AAON opened at $126.57 on Friday. The firm has a market capitalization of $10.37 billion, a PE ratio of 88.51, a P/E/G ratio of 3.73 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The business has a 50-day moving average of $124.29 and a two-hundred day moving average of $100.59. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $381.08 million. During the same period in the previous year, the company posted $0.37 EPS. The company’s revenue was up 54.3% compared to the same quarter last year. As a group, research analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

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

Insider Activity at AAON

In other news, Director Gary D. Fields sold 19,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the sale, the director owned 15,252 shares of the company’s stock, valued at $2,138,330.40. This represents a 55.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the completion of the sale, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at $15,482,402.27. The trade was a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 150,473 shares of company stock valued at $19,516,213 over the last quarter. Company insiders own 18.09% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, AAON has an average rating of “Buy” and a consensus target price of $112.00.

AAON Profile

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.