4D Advisors LLC Boosts Stake in AAON, Inc. $AAON

Key Points

• 4D Advisors LLC increased its stake in AAON, Inc. by 175% in the first quarter, owning 55,000 shares valued at approximately $4.3 million.
• AAON's stock has a market capitalization of $6.76 billion, with its shares recently trading at $82.95 after a 52-week range of $62.00 to $144.07.
• The company reported a miss in earnings with $0.22 EPS compared to the expected $0.31, along with a revenue of $311.57 million, below projections of $326.15 million.

4D Advisors LLC lifted its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 175.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,000 shares of the construction company's stock after buying an additional 35,000 shares during the period. AAON makes up approximately 3.3% of 4D Advisors LLC's holdings, making the stock its 12th largest holding. 4D Advisors LLC owned about 0.07% of AAON worth $4,297,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blair William & Co. IL increased its holdings in AAON by 86.2% during the 1st quarter. Blair William & Co. IL now owns 2,177,688 shares of the construction company's stock valued at $170,143,000 after purchasing an additional 1,007,906 shares during the period. Mawer Investment Management Ltd. purchased a new position in AAON during the 1st quarter valued at about $44,219,000. Brown Advisory Inc. purchased a new position in AAON during the 1st quarter valued at about $41,180,000. Impax Asset Management Group plc purchased a new position in AAON during the 1st quarter valued at about $36,223,000. Finally, Federated Hermes Inc. increased its holdings in AAON by 5,973.3% during the 1st quarter. Federated Hermes Inc. now owns 390,632 shares of the construction company's stock valued at $30,520,000 after purchasing an additional 384,200 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Trading Down 0.3%

AAON stock traded down $0.26 during trading on Friday, hitting $81.15. The company had a trading volume of 695,396 shares, compared to its average volume of 1,390,836. The firm has a market capitalization of $6.62 billion, a P/E ratio of 55.20 and a beta of 1.00. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07. The company has a 50 day simple moving average of $79.90 and a 200-day simple moving average of $84.40. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million during the quarter, compared to analysts' expectations of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's dividend payout ratio (DPR) is currently 27.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a report on Monday, June 16th. DA Davidson reduced their target price on AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Finally, Robert W. Baird reduced their target price on AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $102.00.

Insider Buying and Selling at AAON

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total transaction of $758,191.50. Following the transaction, the chief financial officer owned 24,396 shares in the company, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.70% of the company's stock.

About AAON

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.