AAON, Inc. (NASDAQ:AAON) Shares Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its position in shares of AAON, Inc. (NASDAQ:AAON) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,026 shares of the construction company’s stock after acquiring an additional 27,692 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.47% of AAON worth $33,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AAON. Ascent Wealth Partners LLC raised its holdings in AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after buying an additional 178 shares during the period. GAMMA Investing LLC raised its holdings in AAON by 35.6% in the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock valued at $61,000 after buying an additional 181 shares during the period. Signaturefd LLC raised its holdings in AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after buying an additional 238 shares during the period. ORG Partners LLC purchased a new stake in AAON in the 2nd quarter valued at about $29,000. Finally, TFO Wealth Partners LLC purchased a new stake in AAON in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAON. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson restated a “buy” rating and issued a $102.00 price objective on shares of AAON in a report on Wednesday, June 26th. Finally, Robert W. Baird boosted their price target on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, AAON currently has a consensus rating of “Hold” and a consensus price target of $102.00.

AAON Stock Performance

Shares of AAON stock opened at $107.09 on Friday. AAON, Inc. has a one year low of $52.24 and a one year high of $109.07. The company has a market cap of $8.80 billion, a PE ratio of 49.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The business has a 50-day simple moving average of $92.19 and a 200-day simple moving average of $86.13.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to the consensus estimate of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts forecast that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio (DPR) is presently 14.88%.

Insider Transactions at AAON

In other news, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AAON news, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 owns 64,295 shares in the company, valued at $5,542,871.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value 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 approximately $1,412,337.10. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock worth $5,441,927 over the last 90 days. 18.55% of the stock is currently owned by 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.