California Public Employees Retirement System Purchases 28,752 Shares of AAON, Inc. (NASDAQ:AAON)

California Public Employees Retirement System lifted its position in AAON, Inc. (NASDAQ:AAON) by 54.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 81,856 shares of the construction company’s stock after buying an additional 28,752 shares during the period. California Public Employees Retirement System’s holdings in AAON were worth $6,047,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Strs Ohio increased its position in shares of AAON by 2.3% in the 4th quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock valued at $487,000 after buying an additional 150 shares in the last quarter. CI Investments Inc. increased its holdings in AAON by 50.9% during the 3rd quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in AAON by 53.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company’s stock worth $40,000 after purchasing an additional 244 shares in the last quarter. Ruedi Wealth Management Inc. increased its holdings in AAON by 49.9% during the 3rd quarter. Ruedi Wealth Management Inc. now owns 844 shares of the construction company’s stock worth $48,000 after purchasing an additional 281 shares in the last quarter. Finally, Huntington National Bank increased its holdings in AAON by 49.6% during the 3rd quarter. Huntington National Bank now owns 974 shares of the construction company’s stock worth $55,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $78.40 on Friday. The stock has a 50-day moving average price of $86.21 and a two-hundred day moving average price of $74.45. The stock has a market cap of $6.44 billion, a PE ratio of 36.52 and a beta of 0.88. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON, Inc. has a 1 year low of $52.24 and a 1 year high of $96.34.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). AAON had a return on equity of 26.70% and a net margin of 15.44%. The business had revenue of $262.10 million for the quarter, compared to analyst estimates of $284.76 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that AAON, Inc. will post 2.35 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. AAON’s dividend payout ratio is 14.91%.

Analyst Ratings Changes

Separately, William Blair started coverage on AAON in a report on Monday, April 29th. They set an “outperform” rating for the company.

Insider Transactions at AAON

In other news, VP Stephen E. Wakefield sold 24,655 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the transaction, the vice president now directly owns 15,992 shares in the company, valued at approximately $1,293,113.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Stephen E. Wakefield sold 24,655 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total value of $1,993,603.30. Following the completion of the sale, the vice president now directly owns 15,992 shares in the company, valued at approximately $1,293,113.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the sale, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The disclosure for this sale can be found here. Insiders sold a total of 44,596 shares of company stock worth $3,613,768 in the last three months. Insiders own 18.55% of the company’s stock.

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.