Madison Asset Management LLC bought a new stake in AAON, Inc. (NASDAQ:AAON – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 21,363 shares of the construction company’s stock, valued at approximately $1,629,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after acquiring an additional 65,813 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 294 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of AAON by 20.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after acquiring an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of AAON by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after acquiring an additional 12,489 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
AAON Stock Up 3.4%
AAON opened at $140.00 on Friday. The firm has a 50 day moving average price of $94.06 and a 200 day moving average price of $92.11. The company has a market cap of $11.47 billion, a PE ratio of 97.90, a price-to-earnings-growth ratio of 3.79 and a beta of 1.24. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $149.00. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, March 18th. AAON’s dividend payout ratio is 27.97%.
Insider Buying and Selling at AAON
In related news, CAO Rebecca Thompson sold 9,672 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $136.59, for a total transaction of $1,321,098.48. Following the completion of the sale, the chief accounting officer owned 27,681 shares of the company’s stock, valued at approximately $3,780,947.79. This represents a 25.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey Kidwell sold 5,225 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider directly owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This trade represents a 29.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,142 shares of company stock worth $12,887,348 in the last quarter. Company insiders own 18.09% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on AAON shares. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $107.75.
Read Our Latest Report on AAON
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.
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