Westview Management dba Westview Investment Advisors Takes $1.36 Million Position in AAON, Inc. $AAON

Westview Management dba Westview Investment Advisors purchased a new stake in AAON, Inc. (NASDAQ:AAON) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,800 shares of the construction company’s stock, valued at approximately $1,357,000.

Several other hedge funds have also made changes to their positions in AAON. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 164 shares during the period. CBIZ Investment Advisory Services LLC acquired a new stake in AAON in the third quarter valued at about $26,000. Jones Financial Companies Lllp boosted its holdings in AAON by 59.5% in the 3rd 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 in the last quarter. Danske Bank A S purchased a new position in shares of AAON during the 3rd quarter worth approximately $47,000. Finally, Huntington National Bank boosted its stake in shares of 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 buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In other AAON news, insider Casey Kidwell sold 5,225 shares of the stock in a transaction 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 directly owned 12,662 shares of the company’s stock, valued at $1,139,580. This trade represents a 29.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 18.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

AAON Price Performance

AAON opened at $80.01 on Monday. AAON, Inc. has a twelve month low of $62.00 and a twelve month high of $116.04. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 61.55, a PEG ratio of 2.48 and a beta of 1.09. The company has a fifty day simple moving average of $93.54 and a 200 day simple moving average of $91.25.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Monday, March 2nd. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million for the quarter, compared to analysts’ expectations of $374.10 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. AAON’s revenue for the quarter was up 42.5% compared to the same quarter last year. Equities research analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

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

About AAON

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.