AAON, Inc. (NASDAQ:AAON) Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,916 shares of the construction company’s stock after buying an additional 3,106 shares during the period. Illinois Municipal Retirement Fund’s holdings in AAON were worth $2,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AAON. Vanguard Group Inc. lifted its position in shares of AAON by 57.2% in the third quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after purchasing an additional 2,725,779 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in AAON by 46.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,385,306 shares of the construction company’s stock valued at $249,392,000 after buying an additional 1,380,751 shares during the period. Conestoga Capital Advisors LLC increased its stake in AAON by 50.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,329,064 shares of the construction company’s stock valued at $189,324,000 after buying an additional 1,120,754 shares during the period. Ameriprise Financial Inc. lifted its position in AAON by 111.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock worth $91,361,000 after buying an additional 847,953 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of AAON by 61.5% during the 3rd quarter. Invesco Ltd. now owns 1,604,098 shares of the construction company’s stock valued at $91,225,000 after buying an additional 610,949 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

AAON Trading Up 1.3 %

NASDAQ AAON opened at $89.67 on Thursday. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $93.30. The firm’s fifty day simple moving average is $85.07 and its 200-day simple moving average is $72.73. The company has a market capitalization of $7.36 billion, a PE ratio of 42.03 and a beta of 0.91.

AAON (NASDAQ:AAON) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio (DPR) is presently 15.00%.

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.