B. Metzler seel. Sohn & Co. AG Raises Holdings in AAON, Inc. $AAON

Key Points

• B. Metzler seel. Sohn & Co. AG raised its stake in AAON by 27% in Q3, buying an additional 11,463 shares to hold 53,962 shares worth about $5.04 million (0.07% of the company).
• AAON reported Q results with EPS of $0.39 (missing the $0.45 estimate) but revenue of $424.22M, beating estimates and rising 42.5% year-over-year.
• Analyst sentiment is generally positive with a consensus rating of "Moderate Buy" and an average target price of $107.75, including several buy/outperform calls (targets up to $120).

B. Metzler seel. Sohn & Co. AG boosted its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 27.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 53,962 shares of the construction company's stock after acquiring an additional 11,463 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.07% of AAON worth $5,042,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new position in AAON in the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 164 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of AAON by 59.5% during the third 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. Huntington National Bank boosted its holdings in shares of AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company's stock worth $53,000 after acquiring an additional 121 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of AAON by 273.8% in the third quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company's stock worth $81,000 after acquiring an additional 638 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AAON shares. Weiss Ratings reiterated a "hold (c)" rating on shares of AAON in a research note on Wednesday, January 21st. Wall Street Zen upgraded AAON from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Oppenheimer reaffirmed an "outperform" rating and set a $118.00 target price (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. William Blair reiterated an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. Finally, DA Davidson reissued a "buy" rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.75.

AAON Trading Down 4.4%

Shares of AAON stock opened at $88.33 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $116.04. The firm has a market cap of $7.20 billion, a PE ratio of 67.95, a PEG ratio of 2.49 and a beta of 1.09. The company has a 50 day simple moving average of $92.47 and a two-hundred day simple moving average of $91.18.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 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 the consensus estimate of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.AAON's quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 18th. AAON's dividend payout ratio is currently 30.77%.

Insiders Place Their Bets

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the company's stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the purchase, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.55% of the stock is owned by insiders.

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.

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