Public Employees Retirement System of Ohio Acquires 15,770 Shares of AAON, Inc. $AAON

Public Employees Retirement System of Ohio boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 19.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 97,809 shares of the construction company’s stock after acquiring an additional 15,770 shares during the period. Public Employees Retirement System of Ohio owned 0.12% of AAON worth $8,094,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Comerica Bank boosted its holdings in AAON by 23.7% during the fourth quarter. Comerica Bank now owns 238,462 shares of the construction company’s stock worth $18,183,000 after buying an additional 45,660 shares during the last quarter. Royce & Associates LP increased its stake in shares of AAON by 9.6% in the 4th quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock valued at $35,647,000 after acquiring an additional 40,892 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of AAON by 9.9% in the 4th quarter. Stephens Investment Management Group LLC now owns 636,296 shares of the construction company’s stock valued at $48,518,000 after acquiring an additional 57,281 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of AAON by 5.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after acquiring an additional 84,693 shares during the period. Finally, M&T Bank Corp boosted its stake in AAON by 79.4% during the 4th quarter. M&T Bank Corp now owns 51,207 shares of the construction company’s stock worth $3,780,000 after acquiring an additional 22,662 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $101.02 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 2.62. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. The company’s 50 day moving average price is $124.53 and its two-hundred day moving average price is $105.61. The company has a market capitalization of $8.27 billion, a P/E ratio of 70.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. The company had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, analysts expect that AAON, Inc. will post 2.24 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, June 5th. AAON’s dividend payout ratio is currently 27.97%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAON. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research report on Friday, May 8th. KeyCorp assumed coverage on shares of AAON in a report on Thursday. They issued a “sector weight” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.00.

Insider Activity at AAON

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total value of $421,170.00. Following the sale, the executive vice president owned 10,997 shares in the company, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rebecca Thompson sold 9,672 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $136.59, for a total value of $1,321,098.48. Following the transaction, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at approximately $3,780,947.79. This trade represents a 25.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 118,580 shares of company stock valued at $16,321,222 over the last ninety days. Company insiders own 18.09% 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.