AAON, Inc. $AAON Stock Holdings Lifted by Pembroke Management LTD

Pembroke Management LTD boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,149 shares of the construction company’s stock after buying an additional 122,937 shares during the period. AAON makes up 5.1% of Pembroke Management LTD’s holdings, making the stock its 3rd largest position. Pembroke Management LTD owned approximately 0.68% of AAON worth $51,686,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in AAON in the 2nd quarter worth approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in AAON in the 2nd quarter worth approximately $53,000. UMB Bank n.a. grew its position in AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after purchasing an additional 194 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in AAON during the 2nd quarter valued at approximately $91,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Price Performance

Shares of AAON opened at $94.08 on Friday. The business’s 50-day moving average is $85.31 and its two-hundred day moving average is $86.67. The company has a market capitalization of $7.68 billion, a P/E ratio of 77.75 and a beta of 1.08. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $137.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $384.24 million for the quarter, compared to the consensus estimate of $337.20 million. AAON had a return on equity of 12.52% and a net margin of 7.62%.The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. Research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, November 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, November 26th. AAON’s dividend payout ratio is currently 33.06%.

Insider Buying and Selling

In related news, Director Gary D. Fields sold 3,553 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the sale, the director owned 26,340 shares in the company, valued at approximately $2,769,387.60. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen E. Wakefield acquired 4,141 shares of the business’s stock in a transaction on Friday, December 12th. The stock was purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the acquisition, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This represents a 37.40% increase in their position. The disclosure for this purchase is available in the SEC filing. 18.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

AAON 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.