Handelsbanken Fonder AB Purchases Shares of 11,524 AAON, Inc. (NASDAQ:AAON)

Handelsbanken Fonder AB acquired a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,524 shares of the construction company's stock, valued at approximately $851,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of AAON during the 4th quarter valued at about $39,000. Operose Advisors LLC acquired a new stake in AAON in the third quarter worth approximately $31,000. CI Investments Inc. grew its position in AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company's stock worth $35,000 after buying an additional 208 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in AAON by 53.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company's stock worth $40,000 after buying an additional 244 shares during the period. Finally, Ruedi Wealth Management Inc. lifted its holdings in shares of AAON by 49.9% in the third quarter. Ruedi Wealth Management Inc. now owns 844 shares of the construction company's stock valued at $48,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of AAON in a research report on Monday. They issued an "outperform" rating for the company.

Insider Buying and Selling

In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, the director now owns 14,874 shares in the company, valued at $1,209,256.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Norman H. Asbjornson sold 805 shares of the firm'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 transaction, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norman H. Asbjornson sold 19,136 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, 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 ninety days, insiders sold 44,596 shares of company stock worth $3,613,768. 18.55% of the stock is currently owned by insiders.

AAON Stock Up 0.3 %

AAON stock traded up $0.24 during midday trading on Tuesday, reaching $94.09. The company had a trading volume of 945,254 shares, compared to its average volume of 430,393. The company has a 50 day moving average of $85.91 and a two-hundred day moving average of $73.93. The company has a market capitalization of $7.72 billion, a P/E ratio of 44.10 and a beta of 0.91. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $96.34. 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 (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, topping 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 company had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. During the same quarter in the prior year, the business posted $0.47 EPS. AAON's quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, March 15th. AAON's payout ratio is 15.00%.

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.