10,150 Shares in AAON, Inc. $AAON Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,150 shares of the construction company’s stock, valued at approximately $774,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock worth $442,896,000 after buying an additional 3,966,088 shares during the period. Champlain Investment Partners LLC raised its stake in AAON by 96.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock worth $216,811,000 after buying an additional 1,138,658 shares during the period. Wasatch Advisors LP raised its stake in AAON by 27.1% during the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after buying an additional 456,560 shares during the period. First Trust Advisors LP raised its stake in AAON by 136.4% during the 3rd quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock worth $180,675,000 after buying an additional 1,115,566 shares during the period. Finally, Conestoga Capital Advisors LLC raised its stake in AAON by 5.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock worth $135,421,000 after buying an additional 84,693 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON stock opened at $135.49 on Monday. The business’s 50 day simple moving average is $94.85 and its 200 day simple moving average is $92.32. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 94.75, a PEG ratio of 3.79 and a beta of 1.24. 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 issued its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm’s revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Sell-side analysts forecast that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s dividend payout ratio (DPR) is 27.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AAON. DA Davidson reaffirmed a “buy” rating and set a $120.00 price target on shares of AAON in a research note on Tuesday, February 3rd. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Finally, Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $107.75.

Insider Buying and Selling

In other news, CEO Matthew Joseph Tobolski sold 8,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Casey Kidwell sold 5,225 shares of the 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 sale, the insider owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This represents a 29.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 108,295 shares of company stock valued at $13,323,408 over the last three months. 18.09% of the stock is owned by corporate insiders.

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.