King Luther Capital Management Corp Buys 7,122 Shares of AAON, Inc. $AAON

King Luther Capital Management Corp increased its stake in shares of AAON, Inc. (NASDAQ:AAON) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,531 shares of the construction company’s stock after buying an additional 7,122 shares during the quarter. King Luther Capital Management Corp owned 0.14% of AAON worth $8,809,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Royce & Associates LP grew its holdings in AAON by 9.6% during the fourth quarter. Royce & Associates LP now owns 467,496 shares of the construction company’s stock worth $35,647,000 after buying an additional 40,892 shares in the last quarter. Kestra Investment Management LLC grew its holdings in AAON by 40.1% during the fourth quarter. Kestra Investment Management LLC now owns 11,254 shares of the construction company’s stock worth $858,000 after buying an additional 3,221 shares in the last quarter. Summitry LLC grew its holdings in AAON by 20.0% during the fourth quarter. Summitry LLC now owns 7,635 shares of the construction company’s stock worth $582,000 after buying an additional 1,275 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in AAON by 20.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,052 shares of the construction company’s stock worth $80,000 after buying an additional 181 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in AAON by 35.0% during the fourth quarter. Global Retirement Partners LLC now owns 10,035 shares of the construction company’s stock worth $765,000 after buying an additional 2,599 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Casey Kidwell sold 5,225 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total transaction of $470,250.00. Following the transaction, the insider owned 12,662 shares of the company’s stock, valued at $1,139,580. This represents a 29.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Joseph Tobolski sold 8,000 shares of the company’s stock in a transaction on 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 in the company, valued at $15,482,402.27. This represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 132,468 shares of company stock valued at $16,715,996. 18.09% of the stock is currently owned by insiders.

AAON Stock Down 1.1%

AAON stock opened at $139.54 on Thursday. The stock’s fifty day simple moving average is $102.34 and its two-hundred day simple moving average is $94.40. 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, Inc. has a 1-year low of $62.00 and a 1-year high of $149.00. The stock has a market cap of $11.43 billion, a P/E ratio of 97.58, a P/E/G ratio of 3.95 and a beta of 1.24.

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, topping the consensus estimate of $0.31 by $0.17. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s revenue was up 54.3% on a year-over-year basis. Analysts expect that AAON, Inc. will post 2.23 EPS for the current year.

AAON Announces Dividend

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

Wall Street Analyst Weigh In

AAON has been the subject of several recent research reports. Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Oppenheimer reiterated an “outperform” rating on shares of AAON in a report on Friday, May 8th. DA Davidson reiterated a “buy” rating and set a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Zacks Research raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, William Blair reissued an “outperform” rating on shares of AAON in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “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.