Ceredex Value Advisors LLC Purchases Shares of 363,650 AAON, Inc. $AAON

Ceredex Value Advisors LLC acquired a new position in AAON, Inc. (NASDAQ:AAON) in the 3rd quarter, Holdings Channel reports. The firm acquired 363,650 shares of the construction company’s stock, valued at approximately $33,979,000.

A number of other hedge funds have also made changes to their positions in AAON. CBIZ Investment Advisory Services LLC acquired a new position in shares of AAON during the 3rd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after purchasing an additional 164 shares in the last quarter. Jones Financial Companies Lllp raised its position in AAON by 59.5% in the third quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Huntington National Bank raised its position in AAON by 27.0% in the third quarter. Huntington National Bank now owns 569 shares of the construction company’s stock valued at $53,000 after purchasing an additional 121 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of AAON by 273.8% during the third quarter. Hantz Financial Services Inc. now owns 871 shares of the construction company’s stock worth $81,000 after purchasing an additional 638 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of several analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $120.00 target price on shares of AAON in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research report on Wednesday, January 21st. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a research note on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

AAON Stock Up 2.3%

Shares of NASDAQ AAON opened at $90.33 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.84 and a current ratio of 2.63. AAON, Inc. has a 1 year low of $62.00 and a 1 year high of $116.04. The stock’s 50-day simple moving average is $92.77 and its 200-day simple moving average is $91.24. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 69.49, a PEG ratio of 2.49 and a beta of 1.09.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). AAON had a net margin of 7.46% and a return on equity of 13.13%. The business had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. As a group, equities analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Wednesday, March 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s dividend payout ratio is currently 30.77%.

Insider Transactions at AAON

In related news, EVP Stephen E. Wakefield acquired 4,141 shares of AAON stock in a transaction on Friday, December 12th. The shares were purchased at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the purchase, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. The trade was a 37.40% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is owned by corporate insiders.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.