Sanctuary Advisors LLC Invests $250,000 in AAON, Inc. (NASDAQ:AAON)

Sanctuary Advisors LLC purchased a new position in AAON, Inc. (NASDAQ:AAON) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,738 shares of the construction company’s stock, valued at approximately $250,000.

Several other hedge funds have also recently modified their holdings of AAON. Vaughan Nelson Investment Management L.P. lifted its position in AAON by 106.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after acquiring an additional 561,195 shares during the last quarter. Blair William & Co. IL purchased a new stake in AAON during the second quarter valued at approximately $44,934,000. Millennium Management LLC lifted its position in AAON by 212.3% during the second quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock valued at $57,278,000 after acquiring an additional 446,344 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in AAON by 552.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock valued at $30,541,000 after acquiring an additional 296,423 shares during the last quarter. Finally, Norden Group LLC lifted its position in AAON by 2,604.7% during the first quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock valued at $26,920,000 after acquiring an additional 294,253 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and set a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Baird R W raised shares of AAON to a “hold” rating in a report on Wednesday, July 24th. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Robert W. Baird raised their price target on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $102.00.

AAON Trading Down 1.6 %

NASDAQ AAON opened at $109.34 on Friday. The stock has a market cap of $8.99 billion, a P/E ratio of 50.86 and a beta of 0.80. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $113.86. The company has a fifty day simple moving average of $98.91 and a two-hundred day simple moving average of $88.68. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.28 earnings per share for the current year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. AAON’s payout ratio is currently 14.88%.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at $5,542,871.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman H. Asbjornson sold 11,022 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the sale, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

About AAON

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.