New York State Common Retirement Fund Raises Position in AAON, Inc. $AAON

New York State Common Retirement Fund boosted its position in shares of AAON, Inc. (NASDAQ:AAON) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,925 shares of the construction company’s stock after buying an additional 35,112 shares during the period. New York State Common Retirement Fund owned 0.20% of AAON worth $15,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AAON. Champlain Investment Partners LLC purchased a new stake in shares of AAON during the second quarter worth approximately $87,147,000. Copeland Capital Management LLC acquired a new stake in AAON during the 3rd quarter worth $68,036,000. Norges Bank acquired a new stake in AAON during the 2nd quarter worth $51,441,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of AAON by 73.1% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 623,811 shares of the construction company’s stock worth $46,006,000 after buying an additional 263,434 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its position in shares of AAON by 39.7% in the second quarter. Mawer Investment Management Ltd. now owns 790,466 shares of the construction company’s stock valued at $58,297,000 after buying an additional 224,494 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AAON shares. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of AAON from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. William Blair restated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price target on shares of AAON in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, AAON has an average rating of “Moderate Buy” and a consensus target price of $104.60.

AAON Stock Performance

AAON stock opened at $91.06 on Monday. The firm has a 50 day simple moving average of $84.87 and a 200-day simple moving average of $88.09. AAON, Inc. has a 1-year low of $62.00 and a 1-year high of $118.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 75.26 and a beta of 1.11.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. AAON had a net margin of 7.62% and a return on equity of 12.52%. The firm had revenue of $384.24 million for the quarter, compared to analyst estimates of $337.20 million. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts expect that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, November 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio is 33.06%.

Insider Buying and Selling at AAON

In other news, Director Gary D. Fields sold 26,746 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $105.21, for a total transaction of $2,813,946.66. Following the completion of the transaction, the director directly owned 26,340 shares in the company, valued at approximately $2,771,231.40. This represents a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen E. Wakefield acquired 4,141 shares of AAON stock in a transaction that occurred on Friday, December 12th. The stock was bought at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the acquisition, the executive vice president owned 15,212 shares in the company, valued at $1,180,299.08. This trade represents a 37.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 18.55% 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.