Peterson Wealth Services Raises Stake in AAON, Inc. $AAON

Peterson Wealth Services boosted its position in AAON, Inc. (NASDAQ:AAON) by 306.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,692 shares of the construction company’s stock after buying an additional 5,046 shares during the period. Peterson Wealth Services’ holdings in AAON were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in AAON by 512.5% in the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after buying an additional 3,966,088 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after purchasing an additional 1,138,658 shares during the last quarter. Wasatch Advisors LP boosted its holdings in AAON by 27.1% in the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after purchasing an additional 456,560 shares during the last quarter. First Trust Advisors LP boosted its holdings in AAON by 136.4% in the third quarter. First Trust Advisors LP now owns 1,933,595 shares of the construction company’s stock valued at $180,675,000 after purchasing an additional 1,115,566 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in AAON by 5.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock valued at $135,421,000 after purchasing an additional 84,693 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In other news, EVP Gordon Douglas Wichman sold 3,000 shares of the stock in a transaction dated 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 directly owned 10,997 shares of the company’s stock, valued at $1,543,868.83. This represents a 21.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at $15,482,402.27. This trade represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

AAON Trading Up 6.2%

AAON stock opened at $128.64 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The stock’s 50 day simple moving average is $114.43 and its two-hundred day simple moving average is $97.50. The firm has a market cap of $10.54 billion, a PE ratio of 89.96, a P/E/G ratio of 3.39 and a beta of 1.39.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. Analysts anticipate that AAON, Inc. will post 2.23 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 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. AAON’s dividend payout ratio is presently 27.97%.

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.