Captrust Financial Advisors Raises Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Captrust Financial Advisors lifted its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,415 shares of the construction company's stock after buying an additional 2,619 shares during the quarter. Captrust Financial Advisors' holdings in AAON were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AAON. Mather Group LLC. grew its position in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after purchasing an additional 193 shares during the period. Twin Tree Management LP acquired a new stake in AAON in the 4th quarter valued at $33,000. Quarry LP grew its position in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after purchasing an additional 103 shares during the period. UMB Bank n.a. grew its position in AAON by 67.5% in the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock valued at $38,000 after purchasing an additional 131 shares during the period. Finally, Blue Trust Inc. grew its position in AAON by 28.4% in the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock valued at $41,000 after purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Performance

AAON traded up $2.76 during trading hours on Friday, hitting $106.87. The stock had a trading volume of 443,976 shares, compared to its average volume of 666,449. The company's fifty day simple moving average is $86.05 and its 200 day simple moving average is $107.77. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07. The stock has a market cap of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company's quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. AAON's payout ratio is 21.05%.

Insider Transactions at AAON

In related news, CEO Gary D. Fields sold 37,189 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the completion of the sale, the chief executive officer now owns 63,714 shares in the company, valued at $6,256,714.80. The trade was a 36.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Raymond Stewart bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $242,580. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAON. StockNews.com cut AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Robert W. Baird lowered their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Friday, February 28th. Finally, DA Davidson lowered their target price on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AAON presently has an average rating of "Moderate Buy" and a consensus price target of $115.50.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.