Conestoga Capital Advisors LLC Raises Holdings in AAON, Inc. $AAON

Conestoga Capital Advisors LLC boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,776,013 shares of the construction company’s stock after acquiring an additional 84,693 shares during the quarter. AAON accounts for approximately 2.3% of Conestoga Capital Advisors LLC’s holdings, making the stock its 18th biggest holding. Conestoga Capital Advisors LLC’s holdings in AAON were worth $135,421,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in AAON by 30.2% during the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after buying an additional 101 shares during the period. Verdence Capital Advisors LLC increased its holdings in AAON by 3.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after buying an additional 115 shares during the period. Huntington National Bank increased its holdings in AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after buying an additional 121 shares during the period. Jones Financial Companies Lllp increased its holdings in AAON by 59.5% during the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after buying an additional 211 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AAON

In other news, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider directly owned 12,662 shares in the company, valued at approximately $1,139,580. The trade was a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rebecca Thompson sold 400 shares of AAON stock in a transaction on Monday, April 27th. The stock was sold at an average price of $100.27, for a total transaction of $40,108.00. Following the sale, the chief accounting officer owned 27,681 shares of the company’s stock, valued at $2,775,573.87. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,118 shares of company stock valued at $3,665,241 over the last quarter. Insiders own 18.09% of the company’s stock.

AAON Price Performance

Shares of AAON opened at $93.31 on Friday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 71.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.20. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $89.90 and a two-hundred day moving average of $90.86.

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

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 18th. AAON’s payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAON. DA Davidson reissued a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. William Blair reissued an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Oppenheimer restated an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

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.