Warburton Capital Management LLC Purchases Shares of 4,589 AAON, Inc. (NASDAQ:AAON)

Key Points

• Warburton Capital Management LLC purchased 4,589 shares of AAON, Inc. valued at approximately $358,000, making it the fund's 25th largest holding.
• AAON's current consensus rating is a "Moderate Buy" with an average target price of $111.50, despite varying ratings from different brokerages.
• The company recently paid a quarterly dividend of $0.10 per share, representing a 0.5% dividend yield and a payout ratio of 21.05%.

Warburton Capital Management LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,589 shares of the construction company's stock, valued at approximately $358,000. AAON makes up about 0.3% of Warburton Capital Management LLC's investment portfolio, making the stock its 25th largest position.

Several other large investors have also recently modified their holdings of the company. PFG Advisors boosted its stake in AAON by 114.8% in the 1st quarter. PFG Advisors now owns 20,836 shares of the construction company's stock worth $1,628,000 after purchasing an additional 11,136 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in AAON in the 4th quarter worth approximately $210,000. Parallel Advisors LLC boosted its stake in AAON by 26.3% in the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company's stock worth $56,000 after purchasing an additional 149 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in AAON in the 1st quarter worth approximately $789,000. Finally, Sequoia Financial Advisors LLC boosted its stake in AAON by 49.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,197 shares of the construction company's stock worth $250,000 after purchasing an additional 1,054 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Transactions at AAON

In other AAON news, Director Gordon Douglas Wichman sold 21,302 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen cut shares of AAON from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Sidoti upgraded shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.50.

AAON Stock Performance

NASDAQ:AAON traded down $2.21 during midday trading on Friday, hitting $80.52. The company's stock had a trading volume of 1,953,602 shares, compared to its average volume of 1,239,640. AAON, Inc. has a fifty-two week low of $68.98 and a fifty-two week high of $144.07. The firm's 50 day moving average is $78.96 and its 200-day moving average is $89.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. The firm has a market cap of $6.55 billion, a P/E ratio of 42.38 and a beta of 0.94.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON's payout ratio is presently 21.05%.

AAON Company 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.