M&T Bank Corp Acquires 22,662 Shares of AAON, Inc. $AAON

M&T Bank Corp raised its holdings in AAON, Inc. (NASDAQ:AAON) by 79.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,207 shares of the construction company’s stock after acquiring an additional 22,662 shares during the period. M&T Bank Corp’s holdings in AAON were worth $3,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAON. Millennium Management LLC grew its position in AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after acquiring an additional 65,813 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 purchasing an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 164 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $99.59 on Monday. The stock’s 50 day moving average is $90.85 and its 200 day moving average is $91.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84. The firm has a market cap of $8.13 billion, a P/E ratio of 76.61, a P/E/G ratio of 3.11 and a beta of 1.20. AAON, Inc. has a one year low of $62.00 and a one year high of $116.04.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $424.22 million during the quarter, compared to analyst estimates of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.AAON’s revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts expect that AAON, Inc. will post 2 EPS for the current year.

AAON Announces Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CAO Rebecca Thompson sold 7,292 shares of AAON stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $100.10, for a total value of $729,929.20. Following the transaction, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at $2,770,868.10. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction that occurred 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 in the company, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,804 shares of company stock worth $1,429,131. 18.09% of the stock is owned by insiders.

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.