CenterBook Partners LP Makes New $6.45 Million Investment in AAON, Inc. (NASDAQ:AAON)

CenterBook Partners LP purchased a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 82,604 shares of the construction company's stock, valued at approximately $6,454,000. CenterBook Partners LP owned 0.10% of AAON as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HUB Investment Partners LLC increased its holdings in shares of AAON by 5.2% during the fourth quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company's stock worth $237,000 after buying an additional 100 shares in the last quarter. Smith Moore & CO. increased its holdings in shares of AAON by 3.1% during the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company's stock worth $388,000 after buying an additional 100 shares in the last quarter. Curi RMB Capital LLC increased its holdings in shares of AAON by 0.5% during the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company's stock worth $2,177,000 after buying an additional 100 shares in the last quarter. Quarry LP increased its holdings in shares of AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company's stock worth $37,000 after buying an additional 103 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of AAON by 26.3% during the first quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after buying an additional 149 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

AAON Trading Down 1.0%

AAON traded down $0.77 during trading on Friday, reaching $78.69. 2,237,030 shares of the company's stock were exchanged, compared to its average volume of 693,503. The company's fifty day moving average price is $85.68 and its 200-day moving average price is $93.91. The firm has a market capitalization of $6.40 billion, a PE ratio of 41.42 and a beta of 0.95. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 2.77.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.13. The company had revenue of $322.05 million for 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 business's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. As a group, equities analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. AAON's dividend payout ratio is 21.05%.

Insiders Place Their Bets

In related news, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the sale, the director directly owned 8,754 shares of the company's stock, valued at approximately $914,617.92. The trade was a 70.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary D. Fields sold 37,189 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total transaction of $3,651,959.80. Following the completion of the sale, the chief executive officer directly owned 63,714 shares in the company, valued at $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,823 shares of company stock worth $7,122,451. Insiders own 18.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAON. Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target for the company in a report on Monday, June 16th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $111.50.

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.