Belpointe Asset Management LLC Raises Stock Holdings in AAON, Inc. $AAON

Belpointe Asset Management LLC boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 9.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,790 shares of the construction company’s stock after buying an additional 480 shares during the period. Belpointe Asset Management LLC’s holdings in AAON were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after buying an additional 276 shares during the period. Versant Capital Management Inc raised its holdings in AAON by 652.3% during the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after buying an additional 287 shares during the period. Park Square Financial Group LLC purchased a new stake in AAON during the 4th quarter valued at $57,000. UMB Bank n.a. raised its holdings in AAON by 81.2% during the 1st quarter. UMB Bank n.a. now owns 589 shares of the construction company’s stock valued at $46,000 after buying an additional 264 shares during the period. Finally, Parallel Advisors LLC raised its holdings in AAON by 26.3% during the 1st quarter. Parallel Advisors LLC now owns 716 shares of the construction company’s stock valued at $56,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Transactions at AAON

In other AAON news, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $81.09, for a total value of $758,191.50. Following the completion of the sale, the chief financial officer owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAON. DA Davidson decreased their price target on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Robert W. Baird decreased their price target on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Sidoti raised AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $102.00.

AAON Price Performance

AAON opened at $82.18 on Monday. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $144.07. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $80.58 and its 200-day simple moving average is $83.48. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 55.90 and a beta of 1.00.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). AAON had a net margin of 9.70% and a return on equity of 15.45%. The company had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same period in the previous year, the business earned $0.62 EPS. AAON’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. AAON’s dividend payout ratio (DPR) is presently 27.21%.

AAON Company 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.