AAON, Inc. $AAON Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its position in shares of AAON, Inc. (NASDAQ:AAON) by 34.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 281,288 shares of the construction company’s stock after buying an additional 72,506 shares during the quarter. WCM Investment Management LLC owned about 0.35% of AAON worth $25,735,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AAON. Verdence Capital Advisors LLC boosted its holdings in shares of AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock valued at $301,000 after acquiring an additional 115 shares during the period. Jones Financial Companies Lllp boosted its stake in AAON by 59.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares during the period. EverSource Wealth Advisors LLC grew its position in AAON by 96.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after purchasing an additional 164 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in AAON by 14.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after purchasing an additional 211 shares during the period. Finally, Cim LLC increased its stake in AAON by 4.2% in the second quarter. Cim LLC now owns 5,674 shares of the construction company’s stock valued at $418,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $90.08 on Tuesday. 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 stock has a 50 day simple moving average of $84.80 and a 200-day simple moving average of $88.16. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 74.45 and a beta of 1.11. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $117.73.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. AAON had a return on equity of 12.52% and a net margin of 7.62%.AAON’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is currently 33.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AAON shares. Oppenheimer reissued an “outperform” rating and set a $115.00 price target on shares of AAON in a report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

Insider Activity

In related news, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, the executive vice president owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary D. Fields sold 3,553 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the sale, the director directly owned 26,340 shares in the company, valued at $2,769,387.60. This trade represents a 11.89% decrease in their position. The SEC filing for this sale provides additional information. 18.55% of the stock is owned by company insiders.

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.