King Luther Capital Management Corp Raises Holdings in AAON, Inc. $AAON

King Luther Capital Management Corp grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,531 shares of the construction company’s stock after buying an additional 7,122 shares during the period. King Luther Capital Management Corp’s holdings in AAON were worth $8,809,000 at the end of the most recent reporting period.

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

AAON Price Performance

Shares of NASDAQ AAON opened at $139.54 on Thursday. The firm has a market capitalization of $11.43 billion, a P/E ratio of 97.58, a P/E/G ratio of 3.95 and a beta of 1.24. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $102.34 and its two-hundred day simple moving average is $94.40. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $149.00.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The company’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities analysts anticipate that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAON. Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. DA Davidson reissued a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. William Blair reissued an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $107.75.

Insiders Place Their Bets

In other AAON news, CAO Rebecca Thompson sold 21,914 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $100.21, for a total value of $2,196,001.94. Following the transaction, the chief accounting officer directly owned 27,681 shares in the company, valued at $2,773,913.01. This represents a 44.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the transaction, the chief executive officer owned 114,371 shares in the company, valued at $15,482,402.27. This represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 132,468 shares of company stock worth $16,715,996. 18.09% of the stock is owned by corporate insiders.

AAON 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.