LRT Capital Management LLC Boosts Stake in AAON, Inc. $AAON

LRT Capital Management LLC lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 148.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,780 shares of the construction company’s stock after buying an additional 13,595 shares during the period. LRT Capital Management LLC’s holdings in AAON were worth $2,129,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. CBIZ Investment Advisory Services LLC bought a new stake in shares of AAON in the third quarter worth approximately $26,000. Jones Financial Companies Lllp grew its stake in shares of AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after acquiring an additional 141 shares during the period. Huntington National Bank raised its holdings in shares of AAON by 27.0% during the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of AAON by 273.8% during the third quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AAON news, insider Casey Kidwell sold 5,225 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the completion of the sale, the insider owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. The trade was a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 18.55% of the company’s stock.

AAON Stock Performance

Shares of NASDAQ AAON opened at $81.56 on Tuesday. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $93.62 and a 200 day moving average of $91.32.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million for the quarter, compared to analysts’ expectations of $374.10 million. During the same quarter in the prior year, the business earned $0.30 EPS. The company’s revenue was up 42.5% compared to the same quarter last year. On average, research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Wednesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

AAON has been the topic of several research reports. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer reissued 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. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson reaffirmed a “buy” rating and issued a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

AAON Company 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.