Bahl & Gaynor Inc. Acquires 1,507 Shares of AAON, Inc. (NASDAQ:AAON)

Bahl & Gaynor Inc. increased its holdings in AAON, Inc. (NASDAQ:AAON) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 64,481 shares of the construction company’s stock after buying an additional 1,507 shares during the quarter. Bahl & Gaynor Inc.’s holdings in AAON were worth $4,763,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of AAON by 57.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,489,640 shares of the construction company’s stock worth $425,936,000 after acquiring an additional 2,725,779 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in AAON by 46.0% during 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 purchasing an additional 1,380,751 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in AAON by 0.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,354,242 shares of the construction company’s stock valued at $247,778,000 after purchasing an additional 25,178 shares during the last quarter. Ameriprise Financial Inc. grew its position in AAON by 111.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,606,506 shares of the construction company’s stock valued at $91,361,000 after purchasing an additional 847,953 shares during the last quarter. Finally, Invesco Ltd. grew its position in 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 purchasing an additional 610,949 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

AAON Stock Performance

Shares of AAON stock opened at $91.15 on Friday. AAON, Inc. has a one year low of $52.24 and a one year high of $93.30. The company’s 50-day moving average is $85.47 and its 200 day moving average is $73.20. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 42.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23.

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

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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 dividend yield of 0.35%. AAON’s dividend payout ratio is presently 15.00%.

Insider Transactions at AAON

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

About AAON

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.