AAON, Inc. $AAON Stock Holdings Increased by L2 Asset Management LLC

L2 Asset Management LLC lifted its stake in AAON, Inc. (NASDAQ:AAON) by 70.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,617 shares of the construction company’s stock after acquiring an additional 4,373 shares during the quarter. L2 Asset Management LLC’s holdings in AAON were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AAON. Millennium Management LLC lifted its position in shares of AAON by 429.3% in the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after purchasing an additional 65,813 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after purchasing an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AAON

In other AAON news, Director Gary D. Fields sold 31,271 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director owned 34,252 shares in the company, valued at $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 150,473 shares of company stock worth $19,516,213. Corporate insiders own 18.09% of the company’s stock.

AAON Trading Down 0.5%

NASDAQ:AAON opened at $130.66 on Wednesday. The stock’s 50 day moving average price is $117.28 and its 200 day moving average price is $98.26. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. The company has a market capitalization of $10.70 billion, a P/E ratio of 91.37, a P/E/G ratio of 3.67 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The firm had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was up 54.3% on a year-over-year basis. On average, research analysts forecast that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. AAON’s dividend payout ratio is currently 27.97%.

Analyst Ratings Changes

AAON has been the subject of a number of research analyst reports. William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Finally, Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, AAON currently has an average rating of “Buy” and a consensus price target of $112.00.

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.