308,440 Shares in AAON, Inc. (NASDAQ:AAON) Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 308,440 shares of the construction company's stock, valued at approximately $22,784,000. Vaughan Nelson Investment Management L.P. owned approximately 0.38% of AAON as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parcion Private Wealth LLC grew its position in shares of AAON by 57.2% in the 4th quarter. Parcion Private Wealth LLC now owns 18,516 shares of the construction company's stock worth $1,368,000 after buying an additional 6,736 shares during the last quarter. Caprock Group LLC acquired a new stake in AAON in the 4th quarter worth approximately $231,000. Global Retirement Partners LLC boosted its stake in AAON by 462.2% in the 4th quarter. Global Retirement Partners LLC now owns 4,711 shares of the construction company's stock worth $330,000 after purchasing an additional 3,873 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in AAON in the 4th quarter worth approximately $39,000. Finally, Portside Wealth Group LLC lifted its stake in AAON by 9.1% during the 4th quarter. Portside Wealth Group LLC now owns 16,693 shares of the construction company's stock valued at $1,233,000 after acquiring an additional 1,392 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Stock Performance

NASDAQ AAON traded up $4.26 on Friday, hitting $89.92. 471,429 shares of the company's stock traded hands, compared to its average volume of 353,396. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $89.99. The firm's 50-day moving average price is $82.04 and its two-hundred day moving average price is $70.10. The firm has a market capitalization of $7.34 billion, a PE ratio of 42.15 and a beta of 0.91.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. AAON had a net margin of 15.20% and a return on equity of 27.20%. The firm had revenue of $306.60 million during the quarter, compared to analysts' expectations of $294.35 million. During the same period in the previous year, the business posted $0.47 EPS. The business's revenue was up 20.4% compared to the same quarter last year. As a group, analysts expect that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, March 15th. AAON's payout ratio is presently 15.00%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 805 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares of the company's stock, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Norman H. Asbjornson sold 805 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now owns 53,093 shares of the company's stock, valued at approximately $4,247,970.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 24,655 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the transaction, the vice president now directly owns 15,992 shares in the company, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,596 shares of company stock valued at $3,613,768. 19.16% of the stock is owned by corporate insiders.

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.