AAON, Inc. $AAON Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in AAON, Inc. (NASDAQ:AAON) by 8,956.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222,706 shares of the construction company’s stock after purchasing an additional 1,209,205 shares during the quarter. Franklin Resources Inc.’s holdings in AAON were worth $93,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Erste Asset Management GmbH raised its holdings in shares of AAON by 300.0% in the 4th quarter. Erste Asset Management GmbH now owns 2,000 shares of the construction company’s stock worth $152,000 after purchasing an additional 1,500 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of AAON by 10.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,289 shares of the construction company’s stock worth $251,000 after purchasing an additional 311 shares in the last quarter. CenterBook Partners LP raised its holdings in shares of AAON by 41.3% in the 4th quarter. CenterBook Partners LP now owns 60,751 shares of the construction company’s stock worth $4,632,000 after purchasing an additional 17,743 shares in the last quarter. Capital World Investors raised its holdings in shares of AAON by 9.7% in the 4th quarter. Capital World Investors now owns 580,774 shares of the construction company’s stock worth $44,284,000 after purchasing an additional 51,428 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of AAON by 39.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 165,611 shares of the construction company’s stock worth $12,628,000 after purchasing an additional 47,256 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AAON. Zacks Research upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. William Blair reiterated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $107.75.

AAON Stock Down 6.6%

AAON stock opened at $121.12 on Thursday. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $150.46. The company’s 50 day simple moving average is $113.51 and its 200-day simple moving average is $97.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market capitalization of $9.92 billion, a P/E ratio of 84.70, a P/E/G ratio of 3.63 and a beta of 1.39.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 54.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s payout ratio is currently 27.97%.

Insider Buying and Selling at AAON

In other news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the sale, the executive vice president owned 10,997 shares in the company, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Thompson sold 4,230 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $143.42, for a total transaction of $606,666.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,473 shares of company stock valued at $19,516,213 over the last three months. 18.09% of the stock is owned by insiders.

AAON Company Profile

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.