Perigon Wealth Management LLC Makes New $746,000 Investment in AAON, Inc. $AAON

Perigon Wealth Management LLC bought a new position in shares of AAON, Inc. (NASDAQ:AAON) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,781 shares of the construction company’s stock, valued at approximately $746,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAON. Millennium Management LLC raised its stake in AAON by 429.3% during the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after acquiring an additional 65,813 shares during the period. NewEdge Advisors LLC raised its stake in AAON by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after acquiring an additional 294 shares during the period. Goldman Sachs Group Inc. raised its stake in AAON by 20.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after acquiring an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AAON by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock worth $18,204,000 after acquiring an additional 12,489 shares during the period. Finally, XTX Topco Ltd bought a new stake in AAON during the 2nd quarter worth approximately $271,000. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider Casey Kidwell sold 5,225 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $90.00, for a total value of $470,250.00. Following the sale, the insider owned 12,662 shares in the company, valued at approximately $1,139,580. The trade was a 29.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Oppenheimer reiterated an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a research report on Tuesday, March 3rd. Wall Street Zen upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. DA Davidson reiterated a “buy” rating and set a $120.00 price objective on shares of AAON in a research report on Tuesday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, AAON has an average rating of “Moderate Buy” and a consensus target price of $107.75.

AAON Trading Down 0.1%

AAON stock opened at $81.25 on Tuesday. The stock has a market cap of $6.63 billion, a P/E ratio of 62.50, a PEG ratio of 2.52 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $116.04. The firm’s 50 day moving average price is $91.49 and its 200-day moving average price is $91.23.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 7.46% and a return on equity of 13.13%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Wednesday, March 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, March 18th. AAON’s payout ratio is currently 30.77%.

AAON 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.