OMERS ADMINISTRATION Corp Invests $800,000 in AAON, Inc. (NASDAQ:AAON)

OMERS ADMINISTRATION Corp bought a new position in AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,800 shares of the construction company’s stock, valued at approximately $800,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in AAON by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company’s stock worth $734,262,000 after acquiring an additional 75,832 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in AAON by 4.8% in the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock worth $351,615,000 after acquiring an additional 150,207 shares during the last quarter. Invesco Ltd. lifted its holdings in AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company’s stock worth $239,184,000 after acquiring an additional 274,119 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AAON by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company’s stock worth $145,692,000 after acquiring an additional 3,644 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in AAON by 4.2% in the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company’s stock worth $137,660,000 after acquiring an additional 47,254 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

AAON opened at $106.87 on Friday. The business’s 50 day moving average is $86.05 and its 200-day moving average is $107.77. The stock has a market cap of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a twelve month low of $68.98 and a twelve month high of $144.07.

AAON (NASDAQ:AAON) last announced its earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $322.05 million for the quarter, compared to analysts’ expectations of $289.16 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. AAON’s payout ratio is 21.05%.

AAON declared that its board has initiated a stock buyback program on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. DA Davidson cut their target price on shares of AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird cut their price target on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. StockNews.com cut AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Insider Buying and Selling

In other news, Director David Raymond Stewart bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary D. Fields sold 37,189 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer now directly owns 63,714 shares in the company, valued at approximately $6,256,714.80. The trade was a 36.86% decrease in their position. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

About AAON

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.