Ferguson Wellman Capital Management Inc. Buys 53,401 Shares of AAON, Inc. $AAON

Ferguson Wellman Capital Management Inc. boosted its stake in AAON, Inc. (NASDAQ:AAON) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,376 shares of the construction company’s stock after purchasing an additional 53,401 shares during the quarter. Ferguson Wellman Capital Management Inc. owned about 0.21% of AAON worth $13,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares during the period. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON in the 3rd quarter valued at about $26,000. Jones Financial Companies Lllp increased its position in AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after buying an additional 141 shares in the last quarter. Danske Bank A S bought a new stake in AAON in the 3rd quarter valued at about $47,000. Finally, Huntington National Bank raised its stake in AAON by 27.0% during the 3rd quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after buying an additional 121 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AAON shares. DA Davidson reiterated a “buy” rating and issued a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $118.00 target price (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Five equities 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

AAON Price Performance

Shares of NASDAQ AAON opened at $87.83 on Thursday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 67.56, a PEG ratio of 2.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $116.04. The firm’s 50-day simple moving average is $93.43 and its 200 day simple moving average is $91.24.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The company had revenue of $424.22 million for the quarter, compared to the consensus estimate of $374.10 million. AAON had a return on equity of 13.13% and a net margin of 7.46%.The business’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Wednesday, March 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is 30.77%.

Insider Transactions at AAON

In related news, insider Casey Kidwell sold 5,225 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the completion of the sale, the insider directly owned 12,662 shares of the company’s stock, valued at approximately $1,139,580. This represents a 29.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 18.70% of the company’s stock.

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.