Bahl & Gaynor Inc. Has $4.76 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Bahl & Gaynor Inc. grew its position in AAON, Inc. (NASDAQ:AAON) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,481 shares of the construction company’s stock after buying an additional 1,507 shares during the period. Bahl & Gaynor Inc. owned approximately 0.08% of AAON worth $4,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Semanteon Capital Management LP acquired a new position in shares of AAON in the 4th quarter valued at $292,000. GAMMA Investing LLC acquired a new position in shares of AAON in the 4th quarter valued at $36,000. New York State Common Retirement Fund grew its holdings in shares of AAON by 1.9% in the 4th quarter. New York State Common Retirement Fund now owns 27,200 shares of the construction company’s stock valued at $2,009,000 after buying an additional 496 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of AAON by 8.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,916 shares of the construction company’s stock valued at $2,875,000 after buying an additional 3,106 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of AAON by 54.1% in the 4th quarter. California Public Employees Retirement System now owns 81,856 shares of the construction company’s stock valued at $6,047,000 after buying an additional 28,752 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other news, Director Norman H. Asbjornson sold 19,136 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Norman H. Asbjornson sold 805 shares of AAON stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at approximately $1,209,256.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,596 shares of company stock valued at $3,613,768. Insiders own 18.55% of the company’s stock.

AAON Price Performance

Shares of NASDAQ AAON opened at $91.15 on Friday. AAON, Inc. has a 1-year low of $52.24 and a 1-year high of $93.30. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. The firm has a market cap of $7.48 billion, a PE ratio of 42.73 and a beta of 0.91. The company has a fifty day moving average price of $85.47 and a 200 day moving average price of $73.20.

AAON (NASDAQ:AAON) last issued its earnings results on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a net margin of 15.20% and a return on equity of 27.20%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Research analysts predict that AAON, Inc. will post 2.29 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s payout ratio is currently 15.00%.

AAON 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.