Blair William & Co. IL Cuts Holdings in AAON, Inc. $AAON

Blair William & Co. IL decreased its holdings in AAON, Inc. (NASDAQ:AAON) by 20.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,819,292 shares of the construction company’s stock after selling 460,778 shares during the quarter. Blair William & Co. IL’s holdings in AAON were worth $169,995,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AAON. Champlain Investment Partners LLC boosted its position in AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after acquiring an additional 1,138,658 shares in the last quarter. First Trust Advisors LP raised its position in shares of AAON by 136.4% in the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after acquiring an additional 1,115,566 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company’s stock worth $98,941,000 after acquiring an additional 26,302 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of AAON by 8.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,120,324 shares of the construction company’s stock worth $82,624,000 after purchasing an additional 87,426 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake in shares of AAON by 56.0% during the 3rd quarter. Impax Asset Management Group plc now owns 916,047 shares of the construction company’s stock worth $84,730,000 after purchasing an additional 328,751 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Oppenheimer reissued an “outperform” rating and set a $118.00 price target (up from $115.00) on shares of AAON in a research report on Tuesday. DA Davidson restated a “buy” rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, AAON currently has an average rating of “Moderate Buy” and a consensus target price of $107.75.

Insider Activity

In related news, EVP Stephen E. Wakefield bought 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $77.59 per share, with a total value of $321,300.19. Following the transaction, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.70% of the stock is currently owned by company insiders.

AAON Stock Down 4.4%

AAON stock opened at $88.33 on Friday. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $116.04. The business has a fifty day moving average price of $92.47 and a 200-day moving average price of $91.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 2.03. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 67.95, a PEG ratio of 2.61 and a beta of 1.09.

AAON (NASDAQ:AAON) last announced its earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The business had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 42.5% on a year-over-year basis. Equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON’s dividend payout ratio is 30.77%.

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.