Louisiana State Employees Retirement System Acquires Shares of 33,700 AAON, Inc. (NASDAQ:AAON)

Louisiana State Employees Retirement System acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,700 shares of the construction company's stock, valued at approximately $2,489,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of AAON in the 1st quarter worth approximately $26,000. IFP Advisors Inc bought a new position in shares of AAON in the 2nd quarter worth $26,000. Operose Advisors LLC acquired a new position in AAON during the 3rd quarter valued at about $31,000. CI Investments Inc. increased its position in AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company's stock valued at $35,000 after buying an additional 208 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in AAON during the 4th quarter valued at about $39,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company's stock, valued at $4,247,970.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the transaction, the vice president now owns 15,992 shares in the company, valued at $1,293,113.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 53,093 shares in the company, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,596 shares of company stock valued at $3,613,768. Company insiders own 19.16% of the company's stock.

AAON Stock Down 2.0 %

NASDAQ:AAON traded down $1.72 during mid-day trading on Wednesday, hitting $86.30. 476,942 shares of the company's stock traded hands, compared to its average volume of 418,957. The company has a fifty day moving average of $84.59 and a 200 day moving average of $71.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23. The company has a market capitalization of $7.09 billion, a P/E ratio of 40.45 and a beta of 0.91. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $93.30.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The company's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, March 15th. AAON's dividend payout ratio is presently 15.00%.

AAON 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.