MidFirst Bank Makes New $427,000 Investment in AAON, Inc. $AAON

MidFirst Bank bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,596 shares of the construction company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC raised its holdings in shares of 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 acquiring an additional 65,813 shares in the last quarter. NewEdge Advisors LLC increased its position in AAON by 1.8% in the 1st 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 last quarter. Goldman Sachs Group Inc. increased its position in AAON by 20.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock worth $33,669,000 after purchasing an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 purchasing an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of 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 in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, William Blair reiterated an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON currently has a consensus rating of “Buy” and a consensus price target of $112.00.

Insider Transactions at AAON

In related news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.39, for a total value of $421,170.00. Following the completion of the sale, the executive vice president directly owned 10,997 shares in the company, valued at approximately $1,543,868.83. The trade was a 21.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer owned 114,371 shares in the company, valued at approximately $15,482,402.27. This trade represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 150,473 shares of company stock worth $19,516,213. 18.09% of the stock is currently owned by company insiders.

AAON Stock Performance

AAON stock opened at $136.72 on Friday. 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 company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 95.61, a PEG ratio of 3.83 and a beta of 1.39. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The company’s fifty day moving average price is $120.43 and its two-hundred day moving average price is $99.11.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million during the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, analysts forecast that AAON, Inc. will post 2.23 earnings per share for the current fiscal year.

AAON Dividend Announcement

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

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.