Teachers Retirement System of The State of Kentucky Increases Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Teachers Retirement System of The State of Kentucky boosted its position in shares of AAON, Inc. (NASDAQ:AAON) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,242 shares of the construction company’s stock after purchasing an additional 2,237 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AAON were worth $1,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of AAON during the 2nd quarter valued at approximately $29,000. TFO Wealth Partners LLC acquired a new position in shares of AAON in the 4th quarter valued at $27,000. Crewe Advisors LLC acquired a new position in shares of AAON in the 2nd quarter valued at $35,000. Signaturefd LLC grew its holdings in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after purchasing an additional 238 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of AAON by 35.6% during the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after purchasing an additional 181 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 29,946 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total value of $2,699,032.98. Following the completion of the sale, the vice president now directly owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the transaction, the vice president now owns 15,670 shares in the company, valued at $1,412,337.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,609 shares of company stock valued at $5,441,927 in the last ninety days. Insiders own 18.55% of the company’s stock.

AAON Stock Performance

NASDAQ:AAON opened at $107.71 on Friday. The business’s fifty day moving average price is $94.19 and its 200 day moving average price is $87.03. The firm has a market capitalization of $8.85 billion, a PE ratio of 50.10 and a beta of 0.80. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $109.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million during the quarter, compared to the consensus estimate of $283.77 million. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is 14.88%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Robert W. Baird lifted their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Baird R W upgraded AAON to a “hold” rating in a research note on Wednesday, July 24th. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, AAON currently has an average rating of “Hold” and a consensus price target of $102.00.

AAON 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.