Public Employees Retirement System of Ohio Buys Shares of 19,744 AAON, Inc. $AAON

Public Employees Retirement System of Ohio purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 19,744 shares of the construction company’s stock, valued at approximately $2,505,000.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the last quarter. Summit Securities Group LLC bought a new position in AAON in the 4th quarter worth about $45,000. Danske Bank A S bought a new position in AAON in the 3rd quarter worth about $47,000. Huntington National Bank increased its stake in shares of AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of AAON by 46.8% during the fourth quarter. UMB Bank n.a. now owns 885 shares of the construction company’s stock valued at $67,000 after buying an additional 282 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AAON shares. Oppenheimer reduced their price objective on AAON from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. KeyCorp reaffirmed a “sector weight” rating on shares of AAON in a research note on Thursday, August 13th. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Robert W. Baird decreased their price target on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AAON currently has an average rating of “Moderate Buy” and a consensus target price of $126.67.

Insider Transactions at AAON

In other news, EVP Matthew Shaub purchased 457 shares of the stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $76.42 per share, for a total transaction of $34,923.94. Following the transaction, the executive vice president owned 3,136 shares in the company, valued at $239,653.12. This trade represents a 17.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 18.09% of the company’s stock.

AAON Stock Up 1.8%

AAON stock opened at $79.40 on Friday. The firm’s 50-day moving average is $95.30 and its two-hundred day moving average is $103.83. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.41. AAON, Inc. has a 52 week low of $73.19 and a 52 week high of $150.46. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The business had revenue of $626.98 million during the quarter, compared to analysts’ expectations of $508.82 million. During the same period last year, the firm posted $0.22 earnings per share. The business’s revenue was up 101.2% on a year-over-year basis. On average, analysts forecast that AAON, Inc. will post 2.3 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 4th. AAON’s dividend payout ratio (DPR) is presently 20.83%.

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.