Brown Advisory Inc. Has $52.77 Million Stock Position in AAON, Inc. $AAON

Brown Advisory Inc. boosted its stake in shares of AAON, Inc. (NASDAQ:AAON) by 35.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 715,458 shares of the construction company’s stock after purchasing an additional 188,383 shares during the quarter. Brown Advisory Inc.’s holdings in AAON were worth $52,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in AAON during the 2nd quarter worth approximately $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in AAON during the 2nd quarter valued at $53,000. UMB Bank n.a. lifted its holdings 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 valued at $58,000 after purchasing an additional 194 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of AAON in the second quarter worth $91,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AAON shares. Robert W. Baird dropped their target price on AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, DA Davidson cut their price objective on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

AAON Price Performance

NASDAQ AAON opened at $87.53 on Friday. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $139.09. The company has a fifty day simple moving average of $97.38 and a 200 day simple moving average of $87.85. The company has a current ratio of 3.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.15 billion, a P/E ratio of 72.34 and a beta of 1.06.

AAON (NASDAQ:AAON) last released its earnings results 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 for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. On average, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. AAON’s dividend payout ratio is currently 33.06%.

Insider Activity at AAON

In related news, Director Gary D. Fields sold 26,746 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the transaction, the director owned 26,340 shares of the company’s stock, valued at $2,771,231.40. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 18.70% of the company’s stock.

AAON 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.