AAON, Inc. (NASDAQ:AAON) Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,354,242 shares of the construction company's stock after acquiring an additional 25,178 shares during the quarter. AAON comprises approximately 3.7% of Conestoga Capital Advisors LLC's holdings, making the stock its 5th biggest holding. Conestoga Capital Advisors LLC owned approximately 4.09% of AAON worth $247,778,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in AAON in the 1st quarter worth $26,000. IFP Advisors Inc acquired a new position in AAON in the 2nd quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in AAON in the 4th quarter worth $39,000. Operose Advisors LLC acquired a new position in AAON in the 3rd quarter worth $31,000. Finally, Lazard Asset Management LLC bought a new stake in shares of AAON in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Stock Down 1.9 %

Shares of AAON traded down $1.72 during midday trading on Wednesday, hitting $87.86. The company had a trading volume of 588,253 shares, compared to its average volume of 418,957. The company's 50 day moving average price is $83.15 and its 200 day moving average price is $70.70. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 41.18 and a beta of 0.91. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $93.30. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05.

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

AAON Announces Dividend

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

Insider Transactions at AAON

In other news, Director Norman H. Asbjornson sold 19,136 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the sale, the director now owns 14,874 shares of the company's stock, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 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 link. Also, Director Norman H. Asbjornson sold 19,136 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares of the company's stock, valued at approximately $1,209,256.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,596 shares of company stock valued at $3,613,768. Insiders own 19.16% of the company's stock.

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.