Nepsis Inc. Invests $8.68 Million in AAON, Inc. $AAON

Nepsis Inc. acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,916 shares of the construction company’s stock, valued at approximately $8,682,000. AAON comprises approximately 2.8% of Nepsis Inc.’s holdings, making the stock its 20th largest holding. Nepsis Inc. owned about 0.11% of AAON as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAON. EverSource Wealth Advisors LLC raised its stake in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after buying an additional 164 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in AAON in the 2nd quarter worth about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in AAON in the 2nd quarter worth about $53,000. UMB Bank n.a. lifted its holdings in AAON by 32.9% during the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in AAON during the second quarter worth about $91,000. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer reissued an “outperform” rating and set a $115.00 target price on shares of AAON in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Finally, William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

Insider Transactions at AAON

In other AAON news, Director Gary D. Fields sold 26,746 shares of AAON stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the transaction, the director directly owned 26,340 shares of the company’s stock, valued at approximately $2,771,231.40. This trade represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen E. Wakefield acquired 4,141 shares of the stock in a transaction dated Friday, December 12th. The stock was acquired at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 18.70% of the company’s stock.

AAON Stock Up 4.4%

Shares of NASDAQ AAON opened at $83.32 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $86.18 and a 200-day moving average of $86.14. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 68.86 and a beta of 1.08. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $137.90.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 7.62% and a return on equity of 12.52%. The company had revenue of $322.05 million during the quarter. Sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is currently 33.06%.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.