Peregrine Capital Management LLC Sells 5,272 Shares of AAON, Inc. $AAON

Peregrine Capital Management LLC lessened its position in AAON, Inc. (NASDAQ:AAON) by 4.1% during the 1st quarter, Holdings Channel reports. The firm owned 123,807 shares of the construction company’s stock after selling 5,272 shares during the quarter. Peregrine Capital Management LLC’s holdings in AAON were worth $10,245,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AAON. Janney Montgomery Scott LLC lifted its holdings in AAON by 20.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,779 shares of the construction company’s stock valued at $1,388,000 after purchasing an additional 2,903 shares during the last quarter. Wasatch Advisors LP grew its stake in AAON by 23.8% during the first quarter. Wasatch Advisors LP now owns 2,268,118 shares of the construction company’s stock worth $187,687,000 after buying an additional 436,704 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in AAON during the first quarter worth about $1,622,000. Kestra Private Wealth Services LLC increased its holdings in shares of AAON by 3.8% during the first quarter. Kestra Private Wealth Services LLC now owns 6,516 shares of the construction company’s stock worth $539,000 after buying an additional 236 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. increased its holdings in shares of AAON by 1.8% during the first quarter. Campbell Newman Asset Management Inc. now owns 21,246 shares of the construction company’s stock worth $1,758,000 after buying an additional 375 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.9%

Shares of NASDAQ AAON opened at $126.86 on Wednesday. The firm’s 50-day simple moving average is $125.63 and its 200 day simple moving average is $101.33. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 88.71, a price-to-earnings-growth ratio of 3.52 and a beta of 1.39. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $150.46.

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

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. AAON’s dividend payout ratio (DPR) is currently 27.97%.

Analysts Set New Price Targets

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

Insider Activity at AAON

In other AAON news, insider Casey Kidwell sold 3,153 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total transaction of $436,059.90. Following the transaction, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. This represents a 18.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Thompson sold 21,914 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $100.21, for a total value of $2,196,001.94. Following the completion of the transaction, the chief accounting officer owned 27,681 shares in the company, valued at $2,773,913.01. The trade was a 44.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 150,473 shares of company stock worth $19,516,213. Company insiders own 18.09% of the company’s stock.

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.