Peregrine Capital Management LLC Has $10.44 Million Position in AAON, Inc. $AAON

Peregrine Capital Management LLC raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,503 shares of the construction company’s stock after purchasing an additional 17,211 shares during the quarter. Peregrine Capital Management LLC owned 0.17% of AAON worth $10,436,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in AAON during the 2nd quarter valued at $26,000. UMB Bank n.a. raised its stake in AAON by 32.9% during the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock valued at $58,000 after purchasing an additional 194 shares during the period. CWM LLC raised its stake in AAON by 25.7% during the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after purchasing an additional 192 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in AAON during the 2nd quarter valued at $91,000. Finally, SBI Securities Co. Ltd. raised its stake in AAON by 987.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,174 shares of the construction company’s stock valued at $92,000 after purchasing an additional 1,066 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AAON shares. DA Davidson dropped their price target on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Oppenheimer upped their price target on shares of AAON from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Insider Activity

In other news, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares of the company’s stock, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Douglas Eason sold 12,003 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the completion of the sale, the insider directly owned 5,301 shares in the company, valued at approximately $451,009.08. This represents a 69.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

AAON Stock Performance

AAON opened at $104.97 on Tuesday. The company has a market cap of $8.56 billion, a PE ratio of 71.41 and a beta of 1.05. The stock has a 50-day moving average of $91.22 and a 200-day moving average of $87.20. AAON, Inc. has a 52-week low of $62.00 and a 52-week high of $144.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.99 and a current ratio of 3.10.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $322.05 million during the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. As a group, equities research analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 5th. AAON’s dividend payout ratio (DPR) is currently 27.21%.

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.