31,366 Shares in AAON, Inc. (NASDAQ:AAON) Bought by Twinbeech Capital LP

Twinbeech Capital LP purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,366 shares of the construction company's stock, valued at approximately $3,691,000.

A number of other hedge funds have also modified their holdings of the company. Tidal Investments LLC boosted its stake in shares of AAON by 934.8% in the fourth quarter. Tidal Investments LLC now owns 140,054 shares of the construction company's stock worth $16,482,000 after acquiring an additional 126,520 shares during the period. State of Wyoming lifted its holdings in AAON by 60.8% in the 4th quarter. State of Wyoming now owns 5,240 shares of the construction company's stock worth $617,000 after purchasing an additional 1,982 shares in the last quarter. ProShare Advisors LLC lifted its holdings in AAON by 7.7% in the 4th quarter. ProShare Advisors LLC now owns 3,156 shares of the construction company's stock worth $371,000 after purchasing an additional 225 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in AAON by 89.0% in the 4th quarter. Malaga Cove Capital LLC now owns 3,629 shares of the construction company's stock worth $427,000 after purchasing an additional 1,709 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in AAON during the 4th quarter valued at approximately $1,053,000. 70.81% of the stock is currently owned by institutional investors.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 37,189 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the transaction, the chief executive officer now directly owns 63,714 shares of the company's stock, valued at approximately $6,256,714.80. This represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Raymond Stewart acquired 1,000 shares of AAON stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the purchase, the director now owns 3,000 shares of the company's stock, valued at approximately $242,580. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 70,823 shares of company stock worth $7,122,451. Insiders own 18.55% of the company's stock.

AAON Stock Down 0.8%

AAON traded down $0.84 during trading on Friday, hitting $99.10. The stock had a trading volume of 291,927 shares, compared to its average volume of 664,549. The stock has a 50 day simple moving average of $88.16 and a two-hundred day simple moving average of $107.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a market capitalization of $8.06 billion, a PE ratio of 43.66 and a beta of 1.06.

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 return on equity of 24.98% and a net margin of 15.78%. 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 firm earned $0.46 EPS. The business's quarterly revenue was up 22.9% on a year-over-year basis. On average, research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

AAON Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. CJS Securities upgraded shares of AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Friday, February 28th. Robert W. Baird dropped their price target on shares of AAON from $155.00 to $116.00 and set an "outperform" rating for the company in a research note on Friday, February 28th. DA Davidson reduced their target price on AAON from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Wall Street Zen lowered shares of AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.