New York Life Investment Management LLC Makes New $402,000 Investment in AAON, Inc. $AAON

New York Life Investment Management LLC bought a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,273 shares of the construction company’s stock, valued at approximately $402,000.

Several other institutional investors also recently modified their holdings of AAON. EverSource Wealth Advisors LLC grew its holdings in shares of AAON by 30.2% in the 3rd 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 grew its holdings in shares of AAON by 3.7% in the 3rd 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 grew its holdings in shares of AAON by 27.0% in the 3rd 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 grew its holdings in shares of AAON by 59.5% in the 3rd 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 grew its holdings in shares of AAON by 14.7% in the 2nd 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AAON

In other news, Director Gary D. Fields sold 19,081 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $137.60, for a total transaction of $2,625,545.60. Following the completion of the transaction, the director directly owned 34,252 shares in the company, valued at $4,713,075.20. This represents a 35.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rebecca Thompson sold 9,672 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $136.59, for a total transaction of $1,321,098.48. Following the transaction, the chief accounting officer owned 27,681 shares of the company’s stock, valued at approximately $3,780,947.79. This represents a 25.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 108,295 shares of company stock valued at $13,323,408 over the last ninety days. 18.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAON. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. DA Davidson reiterated a “buy” rating and issued a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Zacks Research upgraded AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $107.75.

AAON Stock Up 2.7%

Shares of AAON stock opened at $133.76 on Thursday. The business’s 50 day simple moving average is $97.38 and its 200 day simple moving average is $92.96. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $149.00. The firm has a market cap of $10.96 billion, a PE ratio of 93.54, a P/E/G ratio of 3.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter last year, the firm earned $0.37 EPS. AAON’s revenue for the quarter was up 54.3% compared to the same quarter last year. On average, analysts predict that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio (DPR) is 27.97%.

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.