Madison Asset Management LLC bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,486 shares of the construction company's stock, valued at approximately $3,867,000.
Other large investors have also made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company's stock valued at $6,340,000 after purchasing an additional 65,813 shares during the last quarter. NewEdge Advisors LLC boosted its stake in AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company's stock worth $1,271,000 after buying an additional 294 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company's stock worth $33,669,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AAON by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company's stock valued at $18,204,000 after buying an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company's stock valued at $25,000 after buying an additional 164 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
AAON Stock Down 0.2%
Shares of AAON opened at $80.84 on Friday. The firm has a market cap of $6.67 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. AAON, Inc. has a 12-month low of $73.19 and a 12-month high of $150.46. The company's 50-day moving average price is $107.38 and its 200 day moving average price is $105.42. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43.
AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The company had revenue of $626.98 million during the quarter, compared to analyst estimates of $508.82 million. During the same quarter last year, the firm posted $0.22 earnings per share. AAON's revenue was up 101.2% compared to the same quarter last year. On average, sell-side analysts forecast that AAON, Inc. will post 2.3 earnings per share for the current year.
AAON Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 4th. AAON's dividend payout ratio is currently 20.83%.
Insider Buying and Selling
In related news, CAO Rebecca Thompson sold 4,230 shares of AAON stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total value of $606,666.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gordon Douglas Wichman sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total value of $421,170.00. Following the completion of the sale, the executive vice president directly owned 10,997 shares in the company, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 47,403 shares of company stock valued at $6,663,055. Company insiders own 18.09% of the company's stock.
Wall Street Analyst Weigh In
AAON has been the topic of several analyst reports. Robert W. Baird reduced their price target on AAON from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Tuesday, August 11th. Oppenheimer dropped their price objective on shares of AAON from $145.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Zacks Research lowered shares of AAON from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. KeyCorp restated a "sector weight" rating on shares of AAON in a research report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of AAON in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, AAON has an average rating of "Moderate Buy" and an average target price of $126.67.
Read Our Latest Report on AAON
AAON Profile
(
Free Report)
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.
See Also
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