SG Americas Securities LLC Purchases 206,836 Shares of AAON, Inc. $AAON

SG Americas Securities LLC boosted its position in AAON, Inc. (NASDAQ:AAON) by 4,082.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,902 shares of the construction company’s stock after purchasing an additional 206,836 shares during the quarter. SG Americas Securities LLC’s holdings in AAON were worth $16,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of AAON. EverSource Wealth Advisors LLC lifted its stake in shares of AAON by 30.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 435 shares of the construction company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Verdence Capital Advisors LLC grew its stake in AAON by 3.7% in the third quarter. Verdence Capital Advisors LLC now owns 3,226 shares of the construction company’s stock worth $301,000 after purchasing an additional 115 shares during the period. Huntington National Bank raised its holdings in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock worth $53,000 after purchasing an additional 121 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in AAON by 14.7% during the second quarter. Smartleaf Asset Management LLC now owns 1,649 shares of the construction company’s stock valued at $121,000 after buying an additional 211 shares during the period. 70.81% of the stock is owned by institutional investors.

AAON Price Performance

Shares of AAON opened at $81.48 on Friday. The company has a market capitalization of $6.65 billion, a P/E ratio of 62.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. The firm has a 50 day moving average of $93.04 and a 200 day moving average of $91.19. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The business had revenue of $424.22 million for the quarter, compared to the consensus estimate of $374.10 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 42.5% compared to the same quarter last year. As a group, equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.5%. AAON’s dividend payout ratio is currently 30.77%.

Insider Transactions at AAON

In other news, insider Casey Kidwell sold 5,225 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $90.00, for a total transaction of $470,250.00. Following the sale, the insider owned 12,662 shares of the company’s stock, valued at $1,139,580. This trade represents a 29.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

About AAON

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.