AAON, Inc. $AAON Shares Bought by Capital International Investors

Capital International Investors raised its stake in AAON, Inc. (NASDAQ:AAON) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,471,792 shares of the construction company’s stock after purchasing an additional 496,581 shares during the quarter. Capital International Investors owned 1.81% of AAON worth $137,524,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Impax Asset Management Group plc increased its stake in shares of AAON by 25.0% during the second quarter. Impax Asset Management Group plc now owns 587,296 shares of the construction company’s stock worth $42,715,000 after acquiring an additional 117,446 shares during the period. Arcadia Investment Management Corp MI lifted its position in AAON by 88.8% in the second quarter. Arcadia Investment Management Corp MI now owns 27,825 shares of the construction company’s stock valued at $2,052,000 after purchasing an additional 13,087 shares during the period. Pembroke Management LTD boosted its holdings in AAON by 28.6% in the 3rd quarter. Pembroke Management LTD now owns 553,149 shares of the construction company’s stock valued at $51,686,000 after purchasing an additional 122,937 shares in the last quarter. Jackson Square Partners LLC boosted its holdings in AAON by 195.8% in the 3rd quarter. Jackson Square Partners LLC now owns 133,734 shares of the construction company’s stock valued at $12,496,000 after purchasing an additional 88,516 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in AAON by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 560,371 shares of the construction company’s stock worth $53,751,000 after purchasing an additional 110,715 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Up 1.1%

AAON stock opened at $91.51 on Thursday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 70.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. The stock’s fifty day moving average is $93.31 and its two-hundred day moving average is $91.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The firm had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. During the same period last year, the firm earned $0.30 EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. Analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is presently 30.77%.

Insider Activity

In other AAON news, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction on Friday, December 12th. The shares were bought at an average price of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AAON has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. DA Davidson reissued a “buy” rating and issued a $120.00 target price on shares of AAON in a report on Tuesday, February 3rd. Finally, William Blair restated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.75.

About AAON

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.