Peterson Wealth Services Invests $242,000 in AAON, Inc. (NASDAQ:AAON)

Peterson Wealth Services acquired a new position in AAON, Inc. (NASDAQ:AAON) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,278 shares of the construction company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after buying an additional 2,725,779 shares in the last quarter. Morgan Stanley lifted its position in shares of AAON by 321.1% in the fourth quarter. Morgan Stanley now owns 1,819,718 shares of the construction company’s stock worth $137,061,000 after buying an additional 1,387,594 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of AAON by 46.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock worth $249,392,000 after buying an additional 1,380,751 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of AAON by 50.8% in the third quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock worth $189,324,000 after buying an additional 1,120,754 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of AAON by 111.8% in the third quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after buying an additional 847,953 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the sale, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the completion of the transaction, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,596 shares of company stock worth $3,613,768. 19.16% of the stock is currently owned by company insiders.

AAON Price Performance

Shares of NASDAQ:AAON traded up $0.75 during mid-day trading on Thursday, reaching $87.05. The stock had a trading volume of 45,614 shares, compared to its average volume of 413,904. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The company has a market cap of $7.15 billion, a P/E ratio of 40.45 and a beta of 0.91. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $93.30. The business’s 50 day moving average price is $84.59 and its 200 day moving average price is $71.78.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. AAON had a return on equity of 27.20% and a net margin of 15.20%. The business had revenue of $306.60 million for the quarter, compared to the consensus estimate of $294.35 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts expect that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.37%. AAON’s dividend payout ratio (DPR) is presently 15.00%.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.