3,111 Shares in AAON, Inc. $AAON Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC acquired a new position in AAON, Inc. (NASDAQ:AAON) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,111 shares of the construction company’s stock, valued at approximately $229,000.

Other hedge funds have also recently modified their holdings of the company. Cresset Asset Management LLC raised its position in AAON by 1.3% in the first quarter. Cresset Asset Management LLC now owns 12,151 shares of the construction company’s stock worth $949,000 after acquiring an additional 157 shares during the period. CWM LLC raised its holdings in shares of AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock worth $73,000 after purchasing an additional 192 shares during the period. UMB Bank n.a. raised its holdings in shares of AAON by 32.9% in the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after purchasing an additional 194 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of AAON by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the construction company’s stock valued at $1,477,000 after buying an additional 200 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of AAON by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,905 shares of the construction company’s stock valued at $617,000 after buying an additional 210 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

AAON has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research note on Monday. Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Oppenheimer boosted their price target on shares of AAON from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, DA Davidson lowered their target price on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Insider Transactions at AAON

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the transaction, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. This represents a 27.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $85.08, for a total transaction of $1,021,215.24. Following the completion of the transaction, the insider owned 5,301 shares in the company, valued at approximately $451,009.08. This trade represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

AAON Stock Performance

AAON stock opened at $100.05 on Friday. The firm’s 50 day simple moving average is $88.37 and its 200 day simple moving average is $85.91. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $8.16 billion, a PE ratio of 68.06 and a beta of 1.05. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $144.07.

AAON (NASDAQ:AAON) last posted its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. As a group, analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 5th. AAON’s dividend payout ratio is currently 27.21%.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.