AAON, Inc. $AAON is Geneva Capital Management LLC’s 4th Largest Position

Geneva Capital Management LLC lessened its position in shares of AAON, Inc. (NASDAQ:AAON) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,023,146 shares of the construction company’s stock after selling 13,606 shares during the period. AAON comprises 3.2% of Geneva Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Geneva Capital Management LLC owned about 2.48% of AAON worth $189,043,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AAON. RiverPark Advisors LLC acquired a new stake in shares of AAON in the 3rd quarter valued at $136,000. Van ECK Associates Corp grew its stake in shares of AAON by 2.4% during the third quarter. Van ECK Associates Corp now owns 57,736 shares of the construction company’s stock worth $5,395,000 after purchasing an additional 1,328 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of AAON during the third quarter worth $33,979,000. Capital World Investors purchased a new position in AAON in the third quarter valued at $49,462,000. Finally, Capital International Investors raised its stake in AAON by 50.9% in the third quarter. Capital International Investors now owns 1,471,792 shares of the construction company’s stock valued at $137,524,000 after buying an additional 496,581 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Price Performance

AAON stock opened at $90.54 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 1.84. The business has a 50 day simple moving average of $93.01 and a 200-day simple moving average of $91.27. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $116.04. The stock has a market capitalization of $7.38 billion, a PE ratio of 69.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The firm had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. AAON had a net margin of 7.46% and a return on equity of 13.13%. The business’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s payout ratio is presently 30.77%.

Insider Activity

In other news, EVP Stephen E. Wakefield purchased 4,141 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the acquisition, the executive vice president directly owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This trade represents a 37.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on AAON. Wall Street Zen raised AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. DA Davidson restated a “buy” rating and set a $120.00 target price on shares of AAON in a research note on Tuesday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $118.00 price target (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, AAON presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

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.