AAON, Inc. $AAON Holdings Raised by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 4,705.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,563 shares of the construction company’s stock after buying an additional 9,364 shares during the quarter. Bessemer Group Inc.’s holdings in AAON were worth $705,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in AAON during the 2nd quarter worth $26,000. UMB Bank n.a. grew its stake in shares of AAON by 32.9% in the second quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after purchasing an additional 194 shares in the last quarter. CWM LLC grew its stake in shares of AAON by 25.7% in the first quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of AAON by 987.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock valued at $92,000 after buying an additional 1,066 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new position in AAON during the second quarter valued at about $91,000. 70.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the completion of the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This represents a 27.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares of the company’s stock, valued at approximately $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.70% of the stock is currently owned by corporate insiders.

AAON Stock Down 2.3%

Shares of AAON stock opened at $98.39 on Friday. The stock has a 50-day moving average price of $92.75 and a 200 day moving average price of $87.72. The company has a market cap of $8.02 billion, a P/E ratio of 66.93 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $144.07.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. As a group, analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio is currently 27.21%.

Analysts Set New Price Targets

AAON has been the topic of several research reports. Wall Street Zen cut shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. DA Davidson dropped their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Oppenheimer upped their target price on AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.