AAON, Inc. (NASDAQ:AAON) Shares Bought by Duality Advisers LP

Duality Advisers LP grew its holdings in AAON, Inc. (NASDAQ:AAON) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,571 shares of the construction company’s stock after purchasing an additional 1,517 shares during the period. Duality Advisers LP’s holdings in AAON were worth $1,636,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Strs Ohio increased its stake in shares of AAON by 2.3% in the fourth quarter. Strs Ohio now owns 6,600 shares of the construction company’s stock worth $487,000 after acquiring an additional 150 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after acquiring an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in AAON by 3.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,963 shares of the construction company’s stock worth $514,000 after buying an additional 257 shares during the last quarter. TFO Wealth Partners LLC acquired a new position in AAON during the fourth quarter worth $27,000. Finally, Quadrant Capital Group LLC increased its position in AAON by 11.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,920 shares of the construction company’s stock worth $290,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AAON shares. DA Davidson reissued a “buy” rating and set a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. William Blair started coverage on AAON in a research report on Monday, April 29th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded AAON from a “hold” rating to a “sell” rating in a research report on Monday, June 17th.

AAON Stock Performance

Shares of NASDAQ:AAON traded up $1.42 during midday trading on Friday, hitting $89.99. The company’s stock had a trading volume of 218,387 shares, compared to its average volume of 724,072. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 41.96 and a beta of 0.80. The stock’s 50 day simple moving average is $78.71 and its 200 day simple moving average is $80.11. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $96.34.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (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 25.84%. The business had revenue of $262.10 million during the quarter, compared to analyst estimates of $284.76 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that AAON, Inc. will post 2.24 EPS for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, June 7th. AAON’s payout ratio is presently 14.88%.

Insider Activity at AAON

In related news, CEO Gary D. Fields sold 28,200 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $76.13, for a total value of $2,146,866.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at $4,894,778.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Rebecca Thompson sold 13,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 28,200 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $4,894,778.35. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate 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.