AAON, Inc. (NASDAQ:AAON) Stock Holdings Increased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in AAON, Inc. (NASDAQ:AAON) by 934.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,054 shares of the construction company’s stock after purchasing an additional 126,520 shares during the quarter. Tidal Investments LLC owned 0.17% of AAON worth $16,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of AAON by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock worth $2,201,000 after purchasing an additional 100 shares in the last quarter. HUB Investment Partners LLC increased its holdings in AAON by 5.2% in the fourth quarter. HUB Investment Partners LLC now owns 2,016 shares of the construction company’s stock worth $237,000 after buying an additional 100 shares during the last quarter. Smith Moore & CO. increased its holdings in AAON by 3.1% in the fourth quarter. Smith Moore & CO. now owns 3,300 shares of the construction company’s stock worth $388,000 after buying an additional 100 shares during the last quarter. Finally, Curi RMB Capital LLC increased its holdings in AAON by 0.5% in the fourth quarter. Curi RMB Capital LLC now owns 18,503 shares of the construction company’s stock worth $2,177,000 after buying an additional 100 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AAON

In other news, CEO Gary D. Fields sold 37,189 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $98.20, for a total value of $3,651,959.80. Following the sale, the chief executive officer now owns 63,714 shares in the company, valued at approximately $6,256,714.80. This trade represents a 36.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Raymond Stewart acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $80.86 per share, for a total transaction of $80,860.00. Following the purchase, the director now owns 3,000 shares of the company’s stock, valued at $242,580. The trade was a 50.00% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 18.70% of the company’s stock.

AAON Trading Up 2.7%

Shares of AAON stock opened at $106.87 on Monday. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $86.05 and its two-hundred day moving average is $107.73. The company has a market cap of $8.70 billion, a PE ratio of 47.08 and a beta of 1.06.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.24 by $0.13. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company had revenue of $322.05 million for the quarter, compared to the consensus estimate of $289.16 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON announced that its board has authorized a share buyback program on Tuesday, March 4th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. AAON’s dividend payout ratio (DPR) is presently 21.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAON shares. StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a report on Friday, February 28th. DA Davidson dropped their price objective on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Robert W. Baird dropped their price objective on AAON from $155.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, February 28th. Finally, CJS Securities upgraded AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.50.

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.