Stephens Investment Management Group LLC Acquires 57,281 Shares of AAON, Inc. $AAON

Stephens Investment Management Group LLC lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 636,296 shares of the construction company’s stock after buying an additional 57,281 shares during the period. Stephens Investment Management Group LLC’s holdings in AAON were worth $48,518,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. AlphaCore Capital LLC raised its position in shares of AAON by 11.4% in the 4th quarter. AlphaCore Capital LLC now owns 3,653 shares of the construction company’s stock worth $279,000 after acquiring an additional 375 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of AAON in the 4th quarter worth about $402,000. Madison Asset Management LLC bought a new position in shares of AAON in the 4th quarter worth about $1,629,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of AAON in the 4th quarter worth about $774,000. Finally, First National Advisers LLC bought a new position in shares of AAON in the 4th quarter worth about $360,000. 70.81% of the stock is owned by institutional investors.

AAON Stock Performance

Shares of AAON stock opened at $135.49 on Friday. The firm has a market capitalization of $11.10 billion, a PE ratio of 94.75, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. The firm has a fifty day simple moving average of $94.85 and a two-hundred day simple moving average of $92.41. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $149.00.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. AAON’s quarterly revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts forecast that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, March 18th. AAON’s payout ratio is 27.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAON shares. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, AAON currently has a consensus rating of “Buy” and an average price target of $107.75.

Insider Buying and Selling at AAON

In other AAON news, CEO Matthew Joseph Tobolski sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total transaction of $1,082,960.00. Following the completion of the sale, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at approximately $15,482,402.27. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Rebecca Thompson sold 9,672 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $136.59, for a total value of $1,321,098.48. Following the sale, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at $3,780,947.79. This represents a 25.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 108,295 shares of company stock worth $13,323,408. Company insiders own 18.09% of the company’s stock.

About AAON

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.