Sequoia Financial Advisors LLC Takes $200,000 Position in AAON, Inc. (NASDAQ:AAON)

Sequoia Financial Advisors LLC purchased a new position in AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,710 shares of the construction company’s stock, valued at approximately $200,000.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in AAON in the first quarter worth approximately $26,000. IFP Advisors Inc purchased a new position in shares of AAON in the 2nd quarter worth $26,000. Operose Advisors LLC purchased a new position in shares of AAON in the 3rd quarter worth $31,000. CI Investments Inc. grew its holdings in shares of AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in AAON during the fourth quarter valued at $39,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the sale, the director now owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $80.01, for a total value of $64,408.05. Following the sale, the director now directly owns 53,093 shares in the company, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. Insiders have sold 44,596 shares of company stock worth $3,613,768 in the last 90 days. 19.16% of the stock is currently owned by insiders.

AAON Stock Up 0.2 %

AAON stock opened at $85.41 on Friday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 40.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23. The business’s 50-day moving average is $84.80 and its two-hundred day moving average is $72.07. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $93.30.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Wednesday, February 28th. The construction company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $306.60 million during the quarter, compared to analyst estimates of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts forecast that AAON, Inc. will post 2.29 earnings per share for the current year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.37%. AAON’s payout ratio is presently 15.00%.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.