AAON, Inc. (NASDAQ:AAON) Stock Position Raised by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,200 shares of the construction company’s stock after purchasing an additional 496 shares during the period. New York State Common Retirement Fund’s holdings in AAON were worth $2,009,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in AAON by 57.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after purchasing an additional 2,725,779 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in AAON by 46.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after purchasing an additional 1,380,751 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in AAON by 0.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock worth $247,778,000 after buying an additional 25,178 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after purchasing an additional 847,953 shares during the last quarter. Finally, Invesco Ltd. increased its position in AAON by 61.5% during the third quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock worth $91,225,000 after buying an additional 610,949 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Stock Down 1.9 %

Shares of AAON stock opened at $76.99 on Thursday. The business’s 50 day moving average is $85.69 and its two-hundred day moving average is $74.95. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $96.34. The company has a market cap of $6.33 billion, a PE ratio of 35.87 and a beta of 0.88.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The firm had revenue of $262.10 million during the quarter, compared to the consensus estimate of $284.76 million. During the same quarter last year, the business earned $0.45 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that AAON, Inc. will post 2.27 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. AAON’s dividend payout ratio is presently 14.91%.

Wall Street Analysts Forecast Growth

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

Insider Activity at AAON

In other news, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Norman H. Asbjornson sold 19,136 shares of the business’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 transaction, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value 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 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 90 days. 18.55% of the stock is owned by company insiders.

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.