CenterBook Partners LP Purchases Shares of 82,604 AAON, Inc. (NASDAQ:AAON)

CenterBook Partners LP bought a new position in AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 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 filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Blair William & Co. IL grew its position in shares of AAON by 86.2% during the first 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 in the last quarter. Norges Bank purchased a new position in shares of AAON during the fourth quarter valued at approximately $76,581,000. Mawer Investment Management Ltd. purchased a new position in shares of AAON during the first quarter valued at approximately $44,219,000. Brown Advisory Inc. purchased a new position in shares of AAON during the first quarter valued at approximately $41,180,000. Finally, First Trust Advisors LP grew its stake in AAON by 85.6% in the fourth quarter. First Trust Advisors LP now owns 1,069,112 shares of the construction company's stock worth $125,813,000 after purchasing an additional 493,219 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Gary D. Fields sold 37,189 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 63,714 shares of the company's stock, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction dated 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 sale, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,823 shares of company stock worth $7,122,451. 18.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

AAON Trading Up 0.7%

Shares of AAON stock traded up $0.55 during mid-day trading on Wednesday, hitting $74.80. The stock had a trading volume of 657,357 shares, compared to its average volume of 683,049. The firm has a 50-day moving average of $86.52 and a two-hundred day moving average of $94.32. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 0.29. The firm has a market cap of $6.09 billion, a P/E ratio of 39.39 and a beta of 0.95.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings data 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. AAON had a net margin of 12.60% and a return on equity of 20.23%. The firm had revenue of $322.05 million during the quarter, compared to analysts' expectations of $289.16 million. During the same quarter last year, the company posted $0.46 EPS. The firm's quarterly revenue was up 22.9% on a year-over-year basis. Sell-side analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were paid a $0.10 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. AAON's dividend payout ratio is presently 21.05%.

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.