Brown Advisory Inc. Invests $41.18 Million in AAON, Inc. (NASDAQ:AAON)

Brown Advisory Inc. acquired a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 527,075 shares of the construction company's stock, valued at approximately $41,180,000. Brown Advisory Inc. owned approximately 0.65% of AAON at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in shares of AAON by 0.9% in the 4th quarter. Arizona State Retirement System now owns 19,964 shares of the construction company's stock worth $2,349,000 after buying an additional 174 shares during the last quarter. Callan Family Office LLC bought a new position in shares of AAON in the 4th quarter worth about $259,000. PNC Financial Services Group Inc. lifted its position in shares of AAON by 6.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,868 shares of the construction company's stock worth $455,000 after buying an additional 244 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AAON by 4.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,223 shares of the construction company's stock worth $1,438,000 after buying an additional 534 shares during the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of AAON by 2.7% in the 4th quarter. Inspire Advisors LLC now owns 10,812 shares of the construction company's stock worth $1,272,000 after buying an additional 286 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on AAON. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $111.50.

AAON Trading Down 0.5%

Shares of AAON stock traded down $0.42 during trading on Thursday, hitting $76.38. The stock had a trading volume of 365,025 shares, compared to its average volume of 887,250. The stock has a 50 day simple moving average of $88.25 and a 200 day simple moving average of $95.80. The company has a market capitalization of $6.21 billion, a PE ratio of 40.20 and a beta of 0.95. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. AAON, Inc. has a 1 year low of $68.98 and a 1 year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. The business had revenue of $322.05 million during the quarter, compared to analysts' expectations of $289.16 million. AAON had a net margin of 12.60% and a return on equity of 20.23%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, June 6th. AAON's payout ratio is 21.05%.

Insiders Place Their Bets

In other news, CEO Gary D. Fields sold 8,357 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $98.66, for a total value of $824,501.62. Following the completion of the sale, the chief executive officer directly owned 26,491 shares in the company, valued at approximately $2,613,602.06. The trade was a 23.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the completion of the sale, the director owned 8,754 shares of the company's stock, valued at $914,617.92. The trade was a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,823 shares of company stock valued at $7,122,451 over the last 90 days. 18.70% of the stock is owned by corporate insiders.

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.