Federated Hermes Inc. Buys 143,734 Shares of AAON, Inc. $AAON

Federated Hermes Inc. increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 40.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,377 shares of the construction company’s stock after buying an additional 143,734 shares during the quarter. Federated Hermes Inc. owned 0.61% of AAON worth $46,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAON. EverSource Wealth Advisors LLC grew its stake in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in AAON during the second quarter worth about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in AAON in the 2nd quarter worth about $53,000. Trust Co. of Toledo NA OH purchased a new stake in AAON in the 2nd quarter valued at about $91,000. Finally, Smartleaf Asset Management LLC increased its stake in AAON by 14.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after buying an additional 211 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAON has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Wall Street Zen lowered AAON from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Oppenheimer reiterated an “outperform” rating and set a $115.00 target price on shares of AAON in a research note on Friday, November 7th. Finally, Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

AAON Stock Performance

Shares of AAON opened at $93.31 on Friday. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $118.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The stock’s fifty day moving average price is $84.88 and its two-hundred day moving average price is $87.78. The firm has a market cap of $7.62 billion, a PE ratio of 77.12 and a beta of 1.08.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. AAON had a return on equity of 12.52% and a net margin of 7.62%.The company had revenue of $384.24 million during the quarter, compared to analyst estimates of $337.20 million. During the same quarter last year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is 33.06%.

Insider Activity at AAON

In other AAON news, Director Gary D. Fields sold 3,553 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total transaction of $373,562.42. Following the sale, the director owned 26,340 shares of the company’s stock, valued at $2,769,387.60. The trade was a 11.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen E. Wakefield bought 4,141 shares of the company’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, 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 disclosure for this purchase is available in the SEC filing. Insiders own 18.70% of the company’s stock.

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.