Fort Washington Investment Advisors Inc. OH Makes New Investment in AAON, Inc. $AAON

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 3rd quarter, Holdings Channel reports. The firm purchased 182,330 shares of the construction company’s stock, valued at approximately $15,090,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wasatch Advisors LP grew its holdings in shares of AAON by 3.1% during the second quarter. Wasatch Advisors LP now owns 2,338,517 shares of the construction company’s stock worth $296,664,000 after buying an additional 70,399 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of AAON during the second quarter valued at approximately $2,061,000. Empowered Funds LLC purchased a new position in shares of AAON during the first quarter valued at approximately $1,312,000. Public Employees Retirement System of Ohio acquired a new stake in AAON during the second quarter worth approximately $2,505,000. Finally, California State Teachers Retirement System boosted its position in AAON by 22.7% during the first quarter. California State Teachers Retirement System now owns 80,436 shares of the construction company’s stock worth $6,656,000 after acquiring an additional 14,878 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director David Stewart bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $74.66 per share, for a total transaction of $74,660.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at $298,640. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Matthew Shaub bought 457 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of $76.42 per share, with a total value of $34,923.94. Following the transaction, the executive vice president owned 3,136 shares in the company, valued at approximately $239,653.12. This represents a 17.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 18.09% of the company’s stock.

AAON Price Performance

Shares of AAON stock opened at $77.30 on Friday. AAON, Inc. has a twelve month low of $73.19 and a twelve month high of $150.46. The stock has a market capitalization of $6.37 billion, a P/E ratio of 41.72, a PEG ratio of 1.49 and a beta of 1.41. The company has a current ratio of 3.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $81.45 and its 200 day moving average price is $101.84.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The firm had revenue of $626.98 million during the quarter, compared to the consensus estimate of $508.82 million. AAON had a return on equity of 17.32% and a net margin of 8.24%. The firm’s quarterly revenue was up 101.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, research analysts anticipate that AAON, Inc. will post 2.35 earnings per share for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 4th. AAON’s payout ratio is currently 20.83%.

Analyst Ratings Changes

Several research firms have commented on AAON. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Monday. DA Davidson reissued a “buy” rating and set a $110.00 price target on shares of AAON in a research note on Tuesday, September 15th. Oppenheimer restated an “outperform” rating and set a $115.00 price objective (down from $125.00) on shares of AAON in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on AAON from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.00.

AAON Company Profile

AAON, Inc (NASDAQ:AAON) designs and manufactures high-efficiency heating, ventilation, and air conditioning (HVAC) equipment for commercial and industrial applications. The company is headquartered in Tulsa, Oklahoma, and was founded in 1988 by Norm Asbjornson.

Its product portfolio includes rooftop units, air-handling units, condensing units, heat pumps, chillers, and related HVAC components. AAON’s equipment is used in applications such as office buildings, schools, healthcare facilities, retail properties, data centers, and other commercial or industrial structures.

AAON sells its products primarily through manufacturer representatives and other distribution channels serving customers in the United States and Canada.