OMERS ADMINISTRATION Corp Buys Shares of 6,800 AAON, Inc. (NASDAQ:AAON)

OMERS ADMINISTRATION Corp purchased a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 6,800 shares of the construction company's stock, valued at approximately $800,000.

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC increased its holdings in shares of AAON by 182.2% in the third quarter. Barclays PLC now owns 84,472 shares of the construction company's stock worth $9,111,000 after purchasing an additional 54,535 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after buying an additional 150,207 shares in the last quarter. Oak Thistle LLC bought a new stake in AAON in the 4th quarter worth approximately $284,000. UMB Bank n.a. raised its holdings in shares of AAON by 67.5% during the 4th quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after acquiring an additional 131 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of AAON by 2.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,992 shares of the construction company's stock worth $1,058,000 after acquiring an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AAON shares. DA Davidson cut their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 28th. StockNews.com cut shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Friday, February 28th. Finally, Robert W. Baird decreased their target price on shares of AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

Insider Buying and Selling

In other AAON news, Director David Raymond Stewart bought 1,000 shares of AAON stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00% increase in their position. The acquisition 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 on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the sale, the director now directly owns 8,754 shares of the company's stock, valued at $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,823 shares of company stock valued at $7,122,451. Insiders own 18.55% of the company's stock.

AAON Trading Down 3.8%

NASDAQ:AAON traded down $4.02 during midday trading on Wednesday, hitting $100.51. 526,380 shares of the company traded hands, compared to its average volume of 664,642. The firm has a market capitalization of $8.18 billion, a P/E ratio of 44.28 and a beta of 1.06. The firm's fifty day moving average is $87.07 and its 200-day moving average is $107.65. AAON, Inc. has a 12-month low of $68.98 and a 12-month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The business's revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. AAON's payout ratio is 21.05%.

AAON declared that its Board of Directors has approved a share buyback program on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.