GAMMA Investing LLC Buys Shares of 509 AAON, Inc. (NASDAQ:AAON)

GAMMA Investing LLC bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 509 shares of the construction company’s stock, valued at approximately $36,000.

Other hedge funds have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in AAON in the fourth quarter valued at $39,000. Operose Advisors LLC acquired a new stake in shares of AAON in the 3rd quarter valued at about $31,000. CI Investments Inc. lifted its position in shares of AAON by 50.9% during the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. First Horizon Advisors Inc. grew its stake in AAON by 53.4% in the third quarter. First Horizon Advisors Inc. now owns 701 shares of the construction company’s stock worth $40,000 after purchasing an additional 244 shares in the last quarter. Finally, Ruedi Wealth Management Inc. increased its holdings in AAON by 49.9% in the third quarter. Ruedi Wealth Management Inc. now owns 844 shares of the construction company’s stock valued at $48,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

AAON stock opened at $78.40 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $96.34. The company has a fifty day moving average price of $86.21 and a two-hundred day moving average price of $74.45. The company has a market cap of $6.44 billion, a PE ratio of 36.52 and a beta of 0.88.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a net margin of 15.44% and a return on equity of 26.70%. The business had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. During the same period last year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts expect that AAON, Inc. will post 2.35 earnings per share for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. AAON’s payout ratio is currently 14.91%.

Analyst Ratings Changes

Separately, William Blair began coverage on AAON in a report on Monday, April 29th. They set an “outperform” rating on the stock.

Insider Activity

In related news, Director Norman H. Asbjornson sold 19,136 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares in the company, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norman H. Asbjornson sold 805 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,596 shares of company stock valued at $3,613,768. 18.55% of the stock is currently owned by insiders.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.