Semanteon Capital Management LP Makes New Investment in AAON, Inc. (NASDAQ:AAON)

Semanteon Capital Management LP acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,950 shares of the construction company’s stock, valued at approximately $292,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in AAON during the 4th quarter worth $36,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of AAON during the fourth quarter valued at $39,000. Operose Advisors LLC purchased a new position in shares of AAON during the third quarter valued at $31,000. CI Investments Inc. raised its holdings in shares of AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in AAON by 53.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company’s stock valued at $40,000 after purchasing an additional 244 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Up 1.4 %

AAON stock opened at $91.15 on Friday. The firm has a market cap of $7.48 billion, a P/E ratio of 42.73 and a beta of 0.91. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $93.30. The business has a fifty day moving average of $85.47 and a two-hundred day moving average of $73.20.

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

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s payout ratio is presently 15.00%.

Insider Activity

In related news, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the sale, the vice president now owns 15,992 shares in the company, valued at approximately $1,293,113.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares in the company, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,596 shares of company stock worth $3,613,768. Insiders own 18.55% of the company’s stock.

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.