New York Life Investment Management LLC Purchases Shares of 5,273 AAON, Inc. $AAON

New York Life Investment Management LLC purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,273 shares of the construction company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAON. Millennium Management LLC lifted its stake in AAON by 429.3% during the first quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock worth $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC lifted its stake in AAON by 1.8% during the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 294 shares during the period. Goldman Sachs Group Inc. raised its stake in AAON by 20.6% during the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AAON by 5.7% during the first 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in AAON by 96.5% during 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. Institutional investors own 70.81% of the company’s stock.

AAON Stock Performance

Shares of AAON stock opened at $133.76 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. The firm has a market cap of $10.96 billion, a P/E ratio of 93.54, a P/E/G ratio of 3.65 and a beta of 1.24. The firm has a 50 day simple moving average of $97.38 and a 200 day simple moving average of $92.96. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $149.00.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The business had revenue of $496.94 million during the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. AAON’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Sell-side analysts predict that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, June 5th. AAON’s dividend payout ratio (DPR) is presently 27.97%.

Insider Transactions at AAON

In related news, Director Gary D. Fields sold 19,081 shares of AAON stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $137.60, for a total value of $2,625,545.60. Following the completion of the sale, the director directly owned 34,252 shares in the company, valued at $4,713,075.20. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of AAON stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $135.37, for a total value of $1,082,960.00. Following the completion of the sale, the chief executive officer owned 114,371 shares of the company’s stock, valued at approximately $15,482,402.27. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,295 shares of company stock valued at $13,323,408 in the last three months. Company insiders own 18.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. DA Davidson reiterated a “buy” rating and set a $120.00 price objective on shares of AAON in a research note on Tuesday, February 3rd. 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $107.75.

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.