CenterBook Partners LP Has $4.63 Million Holdings in AAON, Inc. $AAON

CenterBook Partners LP lifted its position in shares of AAON, Inc. (NASDAQ:AAON) by 41.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,751 shares of the construction company’s stock after purchasing an additional 17,743 shares during the quarter. CenterBook Partners LP’s holdings in AAON were worth $4,632,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AAON. Millennium Management LLC increased its position in shares of AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after buying an additional 65,813 shares during the period. NewEdge Advisors LLC increased its position in shares of AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after buying an additional 294 shares during the period. Goldman Sachs Group Inc. increased its position in shares of AAON by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after buying an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after buying an additional 12,489 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AAON

In other AAON news, CAO Rebecca Thompson sold 4,230 shares of AAON stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total transaction of $606,666.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Casey Kidwell sold 3,153 shares of AAON stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total transaction of $436,059.90. Following the sale, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 155,698 shares of company stock valued at $19,986,463 over the last quarter. Company insiders own 18.09% of the company’s stock.

AAON Stock Performance

NASDAQ AAON opened at $132.05 on Tuesday. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $150.46. The company has a 50-day simple moving average of $111.69 and a 200 day simple moving average of $96.74. 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 capitalization of $10.82 billion, a PE ratio of 92.34, a price-to-earnings-growth ratio of 3.71 and a beta of 1.39.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share 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 firm had revenue of $496.94 million during the quarter, compared to the consensus estimate of $381.08 million. During the same quarter last year, the company earned $0.37 earnings per share. The company’s revenue was up 54.3% on a year-over-year basis. On average, research analysts predict that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

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

Analysts Set New Price Targets

AAON has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $107.75.

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.