TCG Advisory Services LLC Takes Position in AAON, Inc. (NASDAQ:AAON)

TCG Advisory Services LLC acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,819 shares of the construction company’s stock, valued at approximately $208,000.

Several other large investors also recently made changes to their positions in AAON. Vanguard Group Inc. raised its holdings in AAON by 57.2% during 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in AAON by 46.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after acquiring an additional 1,380,751 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in AAON by 50.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock valued at $189,324,000 after acquiring an additional 1,120,754 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after purchasing an additional 847,953 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in AAON by 61.5% during the 3rd quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock worth $91,225,000 after purchasing an additional 610,949 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

AAON Price Performance

Shares of AAON stock opened at $76.20 on Tuesday. The stock has a fifty day moving average price of $86.03 and a 200-day moving average price of $74.76. The firm has a market cap of $6.26 billion, a PE ratio of 35.50 and a beta of 0.88. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $96.34.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The firm had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. AAON had a net margin of 15.44% and a return on equity of 25.84%. AAON’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts anticipate that AAON, Inc. will post 2.27 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.42%. AAON’s dividend payout ratio is 14.91%.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on AAON in a research report on Monday, April 29th. They issued an “outperform” rating for the company.

Insider Buying and Selling at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norman H. Asbjornson sold 805 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock valued at $3,613,768 in the last 90 days. 18.55% of the stock is currently owned by company insiders.

AAON 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.