Kettle Hill Capital Management LLC Buys Shares of 30,053 AAON, Inc. $AAON

Kettle Hill Capital Management LLC bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 30,053 shares of the construction company’s stock, valued at approximately $2,292,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AAON. EverSource Wealth Advisors LLC increased its stake in AAON by 30.2% in the third quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank increased its stake in AAON by 21.1% in the fourth quarter. Huntington National Bank now owns 689 shares of the construction company’s stock valued at $53,000 after purchasing an additional 120 shares in the last quarter. Jones Financial Companies Lllp increased its stake in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Hantz Financial Services Inc. increased its stake in AAON by 20.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock valued at $80,000 after purchasing an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in AAON by 14.7% in the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In other AAON news, CEO Matthew Joseph Tobolski sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $135.37, for a total value of $1,082,960.00. Following the transaction, the chief executive officer directly owned 114,371 shares of the company’s stock, valued at $15,482,402.27. This trade represents a 6.54% 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, Director Gary D. Fields sold 31,271 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $134.07, for a total transaction of $4,192,502.97. Following the completion of the transaction, the director directly owned 34,252 shares in the company, valued at approximately $4,592,165.64. This represents a 47.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 150,473 shares of company stock valued at $19,516,213 in the last three months. 18.09% of the stock is owned by insiders.

AAON Stock Performance

Shares of AAON opened at $131.26 on Tuesday. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $150.46. The firm has a fifty day simple moving average of $116.30 and a 200 day simple moving average of $97.99. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 91.79, a PEG ratio of 3.56 and a beta of 1.38. The company has a current ratio of 2.62, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46.

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

AAON Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on AAON shares. Zacks Research raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research note on Friday, May 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of AAON in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $112.00.

AAON 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.