AAON, Inc. $AAON Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in AAON, Inc. (NASDAQ:AAON) by 22.1% in the first quarter, HoldingsChannel.com reports. The firm owned 2,013,215 shares of the construction company’s stock after acquiring an additional 364,101 shares during the period. First Trust Advisors LP’s holdings in AAON were worth $166,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank boosted its holdings in shares of AAON by 23.7% during the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock valued at $18,183,000 after acquiring an additional 45,660 shares during the period. Royce & Associates LP increased its stake in shares of AAON by 9.6% in the fourth quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock valued at $35,647,000 after purchasing an additional 40,892 shares during the period. Stephens Investment Management Group LLC raised its holdings in shares of AAON by 9.9% during the fourth quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company’s stock valued at $48,518,000 after buying an additional 57,281 shares during the last quarter. Nepsis Inc. boosted its position in shares of AAON by 26.7% during the fourth quarter. Nepsis Inc. now owns 117,707 shares of the construction company’s stock worth $8,975,000 after buying an additional 24,791 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in shares of AAON by 5.0% during the fourth 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.

Insider Activity

In related news, Director Gary D. Fields sold 31,271 shares of the stock in a transaction 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 completion of the sale, the director directly owned 34,252 shares in the company, valued at approximately $4,592,165.64. This trade represents a 47.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Casey Kidwell sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 140,894 shares of company stock valued at $18,557,332 in the last ninety days. Corporate insiders own 18.09% of the company’s stock.

AAON Stock Up 1.5%

AAON stock opened at $107.17 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market cap of $8.78 billion, a PE ratio of 74.94, a P/E/G ratio of 2.96 and a beta of 1.41. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The firm has a 50 day simple moving average of $126.49 and a 200 day simple moving average of $105.12.

AAON (NASDAQ:AAON) last announced its quarterly earnings data 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 company had revenue of $496.94 million during 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 company’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. Equities research analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, June 5th. AAON’s payout ratio is presently 27.97%.

Analyst Ratings Changes

AAON has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of AAON in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

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.