First National Advisers LLC Takes Position in AAON, Inc. $AAON

First National Advisers LLC purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,722 shares of the construction company’s stock, valued at approximately $360,000.

A number of other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC raised its position in shares of AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after purchasing an additional 115 shares during the period. Huntington National Bank raised its position in shares of AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the period. Jones Financial Companies Lllp raised its position in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of AAON by 14.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after purchasing an additional 211 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

AAON has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson restated a “buy” rating and set a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. Finally, Oppenheimer restated an “outperform” rating on shares of AAON in a research note on Friday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

Insider Activity

In related news, insider Casey Kidwell sold 5,225 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the transaction, the insider directly owned 12,662 shares of the company’s stock, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Rebecca Thompson sold 21,914 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $100.21, for a total value of $2,196,001.94. Following the completion of the transaction, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at approximately $2,773,913.01. This trade represents a 44.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 46,790 shares of company stock worth $4,986,339. Insiders own 18.09% of the company’s stock.

AAON Stock Performance

NASDAQ:AAON opened at $133.66 on Wednesday. The firm’s 50-day moving average is $92.55 and its 200-day moving average is $91.63. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 93.47, a PEG ratio of 3.97 and a beta of 1.24.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue was up 54.3% compared to the same quarter last year. Equities research analysts anticipate that AAON, Inc. will post 2.23 earnings per share for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. AAON’s payout ratio is presently 27.97%.

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.