Semanteon Capital Management LP Takes Position in AAON, Inc. (NASDAQ:AAON)

Semanteon Capital Management LP acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,950 shares of the construction company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in shares of AAON during the fourth quarter valued at $36,000. New York State Common Retirement Fund raised its position in shares of AAON by 1.9% in the fourth quarter. New York State Common Retirement Fund now owns 27,200 shares of the construction company’s stock valued at $2,009,000 after buying an additional 496 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of AAON by 8.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,916 shares of the construction company’s stock valued at $2,875,000 after buying an additional 3,106 shares during the period. California Public Employees Retirement System boosted its position in AAON by 54.1% during the fourth quarter. California Public Employees Retirement System now owns 81,856 shares of the construction company’s stock worth $6,047,000 after acquiring an additional 28,752 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new position in AAON in the 4th quarter valued at $851,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

AAON Price Performance

AAON stock opened at $91.15 on Friday. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 42.73 and a beta of 0.91. The stock’s fifty day simple moving average is $85.47 and its 200-day simple moving average is $73.20. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $93.30. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05.

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

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, March 15th. AAON’s dividend payout ratio (DPR) is currently 15.00%.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 24,655 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the sale, the vice president now owns 15,992 shares in the company, valued at approximately $1,293,113.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction, the director now directly owns 14,874 shares in the company, valued at $1,209,256.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the sale, the vice president now directly owns 15,992 shares in the company, valued at approximately $1,293,113.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,596 shares of company stock valued at $3,613,768. Company insiders own 18.55% of the company’s stock.

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.