Blair William & Co. IL Invests $44.93 Million in AAON, Inc. (NASDAQ:AAON)

Blair William & Co. IL acquired a new position in AAON, Inc. (NASDAQ:AAON) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 515,063 shares of the construction company’s stock, valued at approximately $44,934,000. Blair William & Co. IL owned 0.63% of AAON as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAON. Vanguard Personalized Indexing Management LLC increased its holdings in shares of AAON by 3.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,963 shares of the construction company’s stock worth $514,000 after acquiring an additional 257 shares during the period. Janney Montgomery Scott LLC increased its stake in AAON by 121.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,645 shares of the construction company’s stock valued at $639,000 after buying an additional 4,743 shares during the period. Norges Bank acquired a new position in AAON during the 4th quarter valued at about $43,832,000. Advisory Services Network LLC acquired a new position in AAON during the 4th quarter valued at about $234,000. Finally, TD Asset Management Inc acquired a new position in AAON during the 4th quarter valued at about $1,748,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON opened at $96.93 on Thursday. The firm’s 50 day moving average is $89.87 and its 200-day moving average is $84.95. The stock has a market capitalization of $7.97 billion, a P/E ratio of 45.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $99.27.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $313.57 million for the quarter, compared to analysts’ expectations of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Equities research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.33%. AAON’s dividend payout ratio is currently 14.88%.

Wall Street Analyst Weigh In

Several research firms have commented on AAON. DA Davidson reissued a “buy” rating and set a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Baird R W raised shares of AAON to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, Robert W. Baird raised their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.00.

Insiders Place Their Bets

In other AAON news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at $5,542,871.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other AAON news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at $5,542,871.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the transaction, the vice president now owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock worth $5,441,927 over the last ninety days. 18.55% of the stock is currently owned by company insiders.

AAON Company Profile

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.