California Public Employees Retirement System Purchases 28,752 Shares of AAON, Inc. (NASDAQ:AAON)

California Public Employees Retirement System increased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 54.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,856 shares of the construction company's stock after acquiring an additional 28,752 shares during the quarter. California Public Employees Retirement System owned about 0.10% of AAON worth $6,047,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Operose Advisors LLC acquired a new stake in AAON during the third quarter worth approximately $31,000. CI Investments Inc. raised its holdings in shares of AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company's stock worth $35,000 after buying an additional 208 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in AAON during the fourth quarter worth approximately $39,000. First Horizon Advisors Inc. grew its stake in AAON by 53.4% during the third quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company's stock worth $40,000 after purchasing an additional 244 shares during the period. Finally, Ruedi Wealth Management Inc. grew its stake in AAON by 49.9% during the third quarter. Ruedi Wealth Management Inc. now owns 844 shares of the construction company's stock worth $48,000 after purchasing an additional 281 shares during the period. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on AAON in a research note on Monday, April 29th. They set an "outperform" rating for the company.

Insiders Place Their Bets

In other news, Director Norman H. Asbjornson sold 805 shares of the firm's stock in a transaction that occurred on 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 owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Stephen E. Wakefield sold 24,655 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the sale, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,596 shares of company stock worth $3,613,768. Corporate insiders own 18.55% of the company's stock.

AAON Trading Down 13.7 %

NASDAQ AAON traded down $12.49 during trading hours on Friday, hitting $78.40. 2,042,878 shares of the company's stock were exchanged, compared to its average volume of 552,285. The stock has a 50-day simple moving average of $86.21 and a 200 day simple moving average of $74.60. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $96.34. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 36.52 and a beta of 0.88. 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 Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. AAON had a return on equity of 26.70% and a net margin of 15.44%. The firm's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts forecast that AAON, Inc. will post 2.27 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.41%. AAON's payout ratio is currently 14.91%.

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.