Ferguson Wellman Capital Management Inc. Has $13.74 Million Holdings in AAON, Inc. $AAON

Ferguson Wellman Capital Management Inc. trimmed its position in shares of AAON, Inc. (NASDAQ:AAON) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,031 shares of the construction company’s stock after selling 5,345 shares during the quarter. Ferguson Wellman Capital Management Inc. owned approximately 0.20% of AAON worth $13,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AAON. Millennium Management LLC boosted its holdings in shares of AAON by 429.3% in 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 in the last quarter. NewEdge Advisors LLC raised 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 valued at $1,271,000 after purchasing an additional 294 shares during the last quarter. Goldman Sachs Group Inc. raised 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 valued at $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 boosted its stake in AAON by 5.7% in 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 purchasing an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 worth $25,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Trading Up 3.5%

Shares of AAON stock traded up $3.91 on Friday, reaching $114.16. 828,480 shares of the stock were exchanged, compared to its average volume of 867,238. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75. AAON, Inc. has a one year low of $62.00 and a one year high of $150.46. The stock has a market cap of $9.35 billion, a PE ratio of 79.83, a P/E/G ratio of 3.19 and a beta of 1.41. The stock has a 50 day moving average price of $128.20 and a 200 day moving average price of $103.02.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to the consensus estimate of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The company’s revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts forecast that AAON, Inc. will post 2.23 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s dividend payout ratio (DPR) is 27.97%.

Insider Buying and Selling

In other news, insider Casey Kidwell sold 3,153 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the completion of the sale, the insider directly owned 13,463 shares of the company’s stock, valued at $1,861,932.90. This represents a 18.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary D. Fields sold 31,271 shares of AAON stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the transaction, the director directly owned 34,252 shares in the company, valued at $4,592,165.64. The trade was a 47.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 150,473 shares of company stock valued at $19,516,213 over the last 90 days. 18.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAON. Zacks Research lowered AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Oppenheimer restated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

About AAON

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.