Allspring Global Investments Holdings LLC Has $41.77 Million Stake in AAON, Inc. $AAON

Allspring Global Investments Holdings LLC reduced its stake in shares of AAON, Inc. (NASDAQ:AAON) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 527,520 shares of the construction company’s stock after selling 32,851 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.65% of AAON worth $41,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its holdings in AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC raised its holdings in AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. raised its holdings in AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AAON by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after purchasing an additional 12,489 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of AAON by 8.0% during the second quarter. Cetera Investment Advisers now owns 10,893 shares of the construction company’s stock worth $803,000 after purchasing an additional 804 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

AAON Price Performance

NASDAQ AAON opened at $81.36 on Friday. The firm’s 50 day moving average is $92.00 and its 200-day moving average is $91.17. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $6.64 billion, a PE ratio of 62.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.20. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04.

AAON (NASDAQ:AAON) last announced its earnings results on Monday, March 2nd. The construction company reported $0.39 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 business had revenue of $424.22 million for the quarter, compared to analyst estimates of $374.10 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, March 18th. AAON’s dividend payout ratio is presently 30.77%.

Insider Transactions at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the transaction, the insider directly owned 12,662 shares in the company, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.