Corient Private Wealth LLC Acquires New Stake in AAON, Inc. $AAON

Corient Private Wealth LLC acquired a new stake in AAON, Inc. (NASDAQ:AAON) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,397 shares of the construction company’s stock, valued at approximately $488,000.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its stake in shares of AAON by 1.7% in the 4th quarter. Toronto Dominion Bank now owns 5,889 shares of the construction company’s stock worth $448,000 after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of AAON by 30.2% during the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock worth $41,000 after acquiring an additional 101 shares during the period. Huntington National Bank increased its stake in shares of AAON by 21.1% during the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock worth $53,000 after acquiring an additional 120 shares during the period. Hantz Financial Services Inc. raised its holdings in AAON by 20.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after purchasing an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock worth $121,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In related news, Director Gary D. Fields sold 19,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the transaction, the director directly owned 15,252 shares of the company’s stock, valued at $2,138,330.40. This trade represents a 55.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gordon Douglas Wichman sold 3,000 shares of AAON stock in a transaction 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 transaction, the executive vice president directly owned 10,997 shares of the company’s stock, valued at approximately $1,543,868.83. This represents a 21.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 150,473 shares of company stock worth $19,516,213. Corporate insiders own 18.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AAON shares. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Oppenheimer reissued an “outperform” rating on shares of AAON in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, AAON presently has a consensus rating of “Buy” and a consensus price target of $112.00.

AAON Stock Performance

NASDAQ:AAON opened at $107.62 on Monday. The firm’s fifty day simple moving average is $126.46 and its 200-day simple moving average is $101.99. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market cap of $8.82 billion, a PE ratio of 75.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.41. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $150.46.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was 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.