17,170 AAON, Inc. $AAON Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 2,151.6% in the third quarter, HoldingsChannel.com reports. The fund owned 17,968 shares of the construction company’s stock after acquiring an additional 17,170 shares during the quarter. CENTRAL TRUST Co’s holdings in AAON were worth $1,487,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in AAON by 1.2% in the third quarter. Fifth Third Bancorp now owns 207,817 shares of the construction company’s stock worth $17,199,000 after acquiring an additional 2,429 shares in the last quarter. New York Life Investment Management LLC raised its position in AAON by 28.3% during the third quarter. New York Life Investment Management LLC now owns 9,309 shares of the construction company’s stock valued at $770,000 after purchasing an additional 2,051 shares in the last quarter. AlphaCore Capital LLC raised its position in AAON by 55.9% during the third quarter. AlphaCore Capital LLC now owns 5,529 shares of the construction company’s stock valued at $458,000 after purchasing an additional 1,982 shares in the last quarter. Retirement Systems of Alabama raised its position in AAON by 0.6% during the third quarter. Retirement Systems of Alabama now owns 204,502 shares of the construction company’s stock valued at $16,925,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in AAON during the third quarter worth about $129,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

More AAON News

Investors following AAON have been watching these news items:

• Positive Sentiment: AAON reported record third-quarter revenue of $707.4 million, up 84.1% year over year, and EPS of $0.83, above the $0.57 consensus estimate. Management raised its full-year sales-growth outlook to 72%–75%, citing strong demand that includes data-center cooling systems. Why AAON Stock Surged 37.8% This Week
• Positive Sentiment: Zacks upgraded AAON to Rank #1 (Strong Buy), citing improving earnings prospects and estimate revisions—an encouraging near-term signal, though ratings do not guarantee performance. What Makes AAON a New Strong Buy Stock
• Neutral Sentiment: Analyst price targets imply potential upside, and one valuation article described the shares as possibly undervalued. These are estimates rather than assured returns, particularly after a sharp recent rally. AAON Could Be 33% Undervalued

Insider Activity at AAON

In related news, Director David Stewart acquired 1,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the completion of the transaction, the director owned 4,000 shares of the company’s stock, valued at $298,640. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew Shaub acquired 457 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $76.42 per share, with a total value of $34,923.94. Following the purchase, the executive vice president owned 3,136 shares of the company’s stock, valued at approximately $239,653.12. This trade represents a 17.06% increase in their position. The SEC filing for this purchase provides additional information. 18.09% of the stock is owned by company insiders.

AAON Stock Performance

NASDAQ AAON opened at $80.25 on Friday. The company has a 50-day simple moving average of $76.86 and a two-hundred day simple moving average of $96.48. AAON, Inc. has a 12-month low of $53.13 and a 12-month high of $150.46. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 1.29 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.36.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, November 9th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.57 by $0.26. AAON had a return on equity of 20.23% and a net margin of 8.75%. The firm had revenue of $707.43 million for the quarter, compared to the consensus estimate of $601.19 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 84.1% on a year-over-year basis. On average, equities analysts forecast that AAON, Inc. will post 2.66 EPS for the current year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Wednesday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 25th. AAON’s dividend payout ratio (DPR) is presently 16.81%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AAON shares. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective (down from $115.00) on shares of AAON in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Monday, October 12th. Robert W. Baird decreased their price objective on AAON from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Tuesday. KeyCorp reissued a “sector weight” rating on shares of AAON in a report on Thursday, August 13th. Finally, DA Davidson began coverage on AAON in a research report on Tuesday, September 15th. They issued a “buy” rating and a $110.00 target price for the company. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and an average target price of $106.33.

AAON Company Profile

AAON, Inc. designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment for commercial and industrial buildings. Founded in 1988, the company is headquartered in Tulsa, Oklahoma, and sells products under the AAON and BASX brands. Its products include rooftop units, chillers, air-handling units, heat pumps and other custom HVAC systems. BASX specializes in equipment for data centers and other demanding applications, while AAON also offers controls and related services. AAON serves customers primarily in North America, with products also reaching international markets through its sales and distribution network.