Madison Asset Management LLC Has $2.52 Million Holdings in AAON, Inc. $AAON

Madison Asset Management LLC grew its position in shares of AAON, Inc. (NASDAQ:AAON) by 42.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,442 shares of the construction company’s stock after acquiring an additional 9,079 shares during the quarter. Madison Asset Management LLC’s holdings in AAON were worth $2,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAON. Wellington Management Group LLP lifted its holdings in shares of AAON by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 6,839,277 shares of the construction company’s stock worth $521,495,000 after purchasing an additional 2,099,385 shares in the last quarter. Wasatch Advisors LP raised its holdings 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. Conestoga Capital Advisors LLC raised its holdings in AAON by 5.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,776,013 shares of the construction company’s stock worth $135,421,000 after buying an additional 84,693 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of AAON by 53.2% in the fourth quarter. Impax Asset Management Group plc now owns 1,403,648 shares of the construction company’s stock valued at $107,028,000 after buying an additional 487,601 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AAON by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,381,303 shares of the construction company’s stock valued at $105,343,000 after buying an additional 20,588 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAON. Zacks Research downgraded shares of AAON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Tuesday, July 14th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AAON Trading Up 1.7%

Shares of AAON stock opened at $105.61 on Wednesday. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $150.46. The firm has a market cap of $8.65 billion, a PE ratio of 73.85, a P/E/G ratio of 2.91 and a beta of 1.41. The stock has a fifty day moving average price of $127.06 and a 200-day moving average price of $104.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.62 and a quick ratio of 1.75.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $496.94 million for the quarter, compared to analysts’ expectations of $381.08 million. AAON had a return on equity of 13.67% and a net margin of 7.30%.The business’s revenue for the quarter was up 54.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Equities research analysts anticipate that AAON, Inc. will post 2.23 EPS for the current year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s payout ratio is currently 27.97%.

Insiders Place Their Bets

In related news, insider Casey Kidwell sold 3,153 shares of AAON stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $138.30, for a total value of $436,059.90. Following the sale, the insider owned 13,463 shares of the company’s stock, valued at approximately $1,861,932.90. The trade was a 18.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary D. Fields sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $140.20, for a total value of $2,663,800.00. Following the completion of the transaction, the director owned 15,252 shares in the company, valued at approximately $2,138,330.40. The trade was a 55.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 148,186 shares of company stock valued at $19,287,262. Company insiders own 18.09% of the company’s stock.

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.