Texas Permanent School Fund Corp Reduces Stock Holdings in AAON, Inc. $AAON

Texas Permanent School Fund Corp lowered its stake in AAON, Inc. (NASDAQ:AAON) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,024 shares of the construction company’s stock after selling 7,303 shares during the period. Texas Permanent School Fund Corp’s holdings in AAON were worth $2,214,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AAON. EverSource Wealth Advisors LLC boosted its stake in shares of AAON by 96.5% during 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in AAON in the second quarter worth about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in AAON in the second quarter worth about $53,000. UMB Bank n.a. boosted its position in AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after acquiring an additional 194 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in AAON during the 2nd quarter valued at approximately $91,000. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

Shares of AAON opened at $75.34 on Monday. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.15 billion, a P/E ratio of 62.26 and a beta of 1.06. The business’s 50 day moving average price is $93.38 and its 200-day moving average price is $86.33. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $137.90.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The business had revenue of $322.05 million during the quarter. 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 declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s payout ratio is currently 33.06%.

Insider Transactions at AAON

In other news, EVP Stephen E. Wakefield bought 4,141 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This represents a 37.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary D. Fields sold 26,746 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the completion of the transaction, the director owned 26,340 shares in the company, valued at approximately $2,771,231.40. This represents a 50.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price target on shares of AAON in a research note on Friday, November 7th. Finally, Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.60.

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.