CenterBook Partners LP Boosts Stake in AAON, Inc. $AAON

CenterBook Partners LP grew its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 55.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,292 shares of the construction company’s stock after acquiring an additional 45,688 shares during the period. CenterBook Partners LP owned about 0.16% of AAON worth $9,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company’s stock valued at $509,111,000 after purchasing an additional 276,722 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of AAON by 4.7% during the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after buying an additional 102,382 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of AAON by 7.3% during the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock worth $150,210,000 after buying an additional 139,024 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AAON by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company’s stock worth $109,598,000 after buying an additional 66,536 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in AAON by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company’s stock valued at $98,941,000 after acquiring an additional 26,302 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other AAON news, CFO Rebecca Thompson sold 9,350 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider owned 5,301 shares in the company, valued at $451,009.08. The trade was a 69.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 51,652 shares of company stock worth $4,966,916 in the last three months. 18.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AAON has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Robert W. Baird reduced their price target on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Oppenheimer reissued an “outperform” rating and issued a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Finally, DA Davidson reduced their target price on AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, AAON currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

AAON Price Performance

Shares of NASDAQ:AAON opened at $91.52 on Friday. The company has a market cap of $7.47 billion, a PE ratio of 62.26 and a beta of 1.05. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $142.20. The firm has a 50-day simple moving average of $96.82 and a 200 day simple moving average of $88.63. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38.

AAON (NASDAQ:AAON) last issued its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm had revenue of $322.05 million for the quarter. On average, sell-side analysts anticipate that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. AAON’s payout ratio is currently 33.06%.

AAON Company 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.