Westview Management dba Westview Investment Advisors Takes Position in AAON, Inc. $AAON

Key Points

• Westview Management bought a new stake in AAON in Q4, acquiring 17,800 shares valued at about $1.36 million, according to the firm's Form 13F filing.
• AAON's Q4 revenue of $424.2 million beat expectations and rose 42.5% year-over-year, but reported EPS of $0.39 missed the $0.45 consensus.
• The company declared a quarterly dividend of $0.10 per share (annualized $0.40, ~0.5% yield), and analysts hold a consensus rating of Moderate Buy with an average price target of $107.75.

Westview Management dba Westview Investment Advisors bought a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,800 shares of the construction company's stock, valued at approximately $1,357,000.

Several other hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in AAON by 20.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,926 shares of the construction company's stock worth $484,000 after buying an additional 1,026 shares in the last quarter. Maridea Wealth Management LLC increased its holdings in shares of AAON by 33.5% in the 4th quarter. Maridea Wealth Management LLC now owns 21,765 shares of the construction company's stock valued at $1,660,000 after acquiring an additional 5,462 shares during the period. Hilltop National Bank bought a new position in shares of AAON in the 4th quarter worth $84,000. Lindenwold Advisors INC purchased a new stake in shares of AAON during the 3rd quarter worth $220,000. Finally, Value Aligned Research Advisors LLC boosted its position in AAON by 57.8% during the third quarter. Value Aligned Research Advisors LLC now owns 527,874 shares of the construction company's stock valued at $49,325,000 after purchasing an additional 193,376 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Stock Down 0.0%

AAON stock opened at $80.01 on Monday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 61.55, a P/E/G ratio of 2.48 and a beta of 1.09. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04. The firm has a 50-day simple moving average of $93.54 and a 200-day simple moving average of $91.25. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to analysts' expectations of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. AAON's revenue for the quarter was up 42.5% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 18th. AAON's dividend payout ratio (DPR) is currently 30.77%.

Insider Buying and Selling at AAON

In related news, insider Casey Kidwell sold 5,225 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the transaction, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This trade represents a 29.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.55% of the company's stock.

Analysts Set New Price Targets

AAON has been the subject of a number of recent analyst reports. William Blair reissued an "outperform" rating on shares of AAON in a research report on Monday, March 2nd. DA Davidson reiterated a "buy" rating and issued a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. Oppenheimer reissued an "outperform" rating and set a $118.00 target price (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of AAON in a report on Wednesday, January 21st. Finally, Wall Street Zen raised AAON from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, AAON has a consensus rating of "Moderate Buy" and an average price target of $107.75.

AAON Profile

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.

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