Prescott Group Capital Management L.L.C. Buys New Stake in AAON, Inc. $AAON

Prescott Group Capital Management L.L.C. purchased a new stake in AAON, Inc. (NASDAQ:AAON) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,000 shares of the construction company’s stock, valued at approximately $4,966,000. Prescott Group Capital Management L.L.C. owned 0.07% of AAON at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Integrity Alliance LLC. purchased a new stake in AAON in the third quarter worth approximately $1,006,000. Oregon Public Employees Retirement Fund increased its holdings in shares of AAON by 1.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,302 shares of the construction company’s stock worth $1,184,000 after buying an additional 254 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of AAON by 78.3% in the third quarter. Evergreen Capital Management LLC now owns 6,840 shares of the construction company’s stock worth $566,000 after buying an additional 3,004 shares during the period. Yousif Capital Management LLC lifted its stake in shares of AAON by 2.3% in the 3rd quarter. Yousif Capital Management LLC now owns 19,413 shares of the construction company’s stock valued at $1,607,000 after acquiring an additional 442 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of AAON by 363.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 477 shares of the construction company’s stock valued at $39,000 after acquiring an additional 374 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

AAON Price Performance

AAON stock opened at $69.08 on Wednesday. The company’s 50 day moving average is $78.28 and its two-hundred day moving average is $97.51. The company has a quick ratio of 2.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $5.70 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45. AAON, Inc. has a 52-week low of $65.55 and a 52-week high of $150.46.

AAON (NASDAQ:AAON) last released its earnings results on Monday, August 10th. The construction company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.18. AAON had a net margin of 8.24% and a return on equity of 17.32%. The firm had revenue of $626.98 million for the quarter, compared to analyst estimates of $508.82 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 101.2% compared to the same quarter last year. On average, research analysts expect that AAON, Inc. will post 2.35 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, September 4th. AAON’s dividend payout ratio (DPR) is 20.83%.

Insider Buying and Selling at AAON

In other news, Director David Stewart purchased 1,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of $74.66 per share, with a total value of $74,660.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $298,640. The trade was a 33.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew Shaub purchased 457 shares of the company’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $76.42 per share, with a total value of $34,923.94. Following the completion of the purchase, the executive vice president directly owned 3,136 shares of the company’s stock, valued at $239,653.12. The trade was a 17.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAON shares. DA Davidson began coverage on AAON in a research report on Tuesday, September 15th. They set a “buy” rating and a $110.00 price target on the stock. Oppenheimer reissued an “outperform” rating and issued a $115.00 target price (down from $125.00) on shares of AAON in a research report on Wednesday, October 14th. Robert W. Baird reduced their price target on AAON from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Zacks Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, KeyCorp reissued a “sector weight” rating on shares of AAON in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, AAON has an average rating of “Moderate Buy” and a consensus price target of $120.00.

AAON Profile

AAON, Inc designs and manufactures high-performance heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. Its product portfolio includes rooftop units, air-handling units, condensing units, chillers, geothermal heat pumps and related HVAC controls.

The company’s systems are used in applications such as office buildings, schools, healthcare facilities, retail properties, manufacturing plants and other commercial structures. AAON emphasizes configurable equipment, energy efficiency and integrated controls designed to support indoor comfort and air quality.

AAON was founded in 1988 by Norman H.