LRT Capital Management LLC Grows Holdings in AAON, Inc. $AAON

LRT Capital Management LLC raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 148.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,780 shares of the construction company’s stock after purchasing an additional 13,595 shares during the period. LRT Capital Management LLC’s holdings in AAON were worth $2,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Lighthouse Investment Partners LLC bought a new stake in shares of AAON during the 3rd quarter valued at $3,270,000. Brevan Howard Capital Management LP boosted its holdings in AAON by 312.3% in the 3rd quarter. Brevan Howard Capital Management LP now owns 13,883 shares of the construction company’s stock worth $1,297,000 after buying an additional 10,516 shares during the period. Bamco Inc. NY bought a new position in AAON in the 3rd quarter worth $67,922,000. Bank of America Corp DE increased its stake in AAON by 46.1% in the 3rd quarter. Bank of America Corp DE now owns 396,440 shares of the construction company’s stock worth $37,043,000 after buying an additional 125,176 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in AAON by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 1,138,606 shares of the construction company’s stock valued at $106,392,000 after acquiring an additional 18,282 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Insider Transactions at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of AAON stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $90.00, for a total value of $470,250.00. Following the sale, the insider owned 12,662 shares of the company’s stock, valued at $1,139,580. The trade was a 29.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

AAON Stock Down 2.8%

Shares of AAON stock opened at $81.56 on Tuesday. The company’s fifty day simple moving average is $93.62 and its two-hundred day simple moving average is $91.32. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $116.04. The stock has a market cap of $6.65 billion, a P/E ratio of 62.74, a PEG ratio of 2.60 and a beta of 1.09. The company has a quick ratio of 1.84, a current ratio of 2.63 and a debt-to-equity ratio of 0.45.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share 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 firm had revenue of $424.22 million for the quarter, compared to analysts’ expectations of $374.10 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. Analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 18th. AAON’s dividend payout ratio (DPR) is currently 30.77%.

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.