Peterson Wealth Services Buys 5,164 Shares of AAON, Inc. (NASDAQ:AAON)

Peterson Wealth Services increased its stake in AAON, Inc. (NASDAQ:AAON) by 157.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,442 shares of the construction company’s stock after buying an additional 5,164 shares during the period. Peterson Wealth Services’ holdings in AAON were worth $744,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TFO Wealth Partners LLC purchased a new stake in AAON in the fourth quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in AAON in the fourth quarter worth about $36,000. McGlone Suttner Wealth Management Inc. purchased a new stake in AAON in the fourth quarter worth about $39,000. CVA Family Office LLC purchased a new stake in AAON in the fourth quarter worth about $83,000. Finally, YHB Investment Advisors Inc. purchased a new stake in AAON in the first quarter worth about $87,000. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson restated a “buy” rating and issued a $102.00 price objective on shares of AAON in a report on Wednesday, June 26th. William Blair assumed coverage on shares of AAON in a report on Monday, April 29th. They set an “outperform” rating on the stock. Finally, StockNews.com cut shares of AAON from a “hold” rating to a “sell” rating in a report on Monday, June 17th.

Insider Buying and Selling

In related news, CFO Rebecca Thompson sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the sale, the chief financial officer now owns 17,297 shares in the company, valued at $1,331,869. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AAON news, CFO Rebecca Thompson sold 13,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $77.00, for a total value of $1,039,500.00. Following the transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at $1,331,869. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Fields sold 28,200 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $76.13, for a total transaction of $2,146,866.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $4,894,778.35. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Performance

Shares of NASDAQ:AAON traded up $0.96 during trading on Friday, reaching $87.04. 517,225 shares of the stock traded hands, compared to its average volume of 1,161,533. The stock has a 50-day moving average of $79.30 and a two-hundred day moving average of $79.74. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $96.34. The stock has a market cap of $7.16 billion, a P/E ratio of 40.55 and a beta of 0.80.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). AAON had a return on equity of 25.84% and a net margin of 15.44%. The company had revenue of $262.10 million during the quarter, compared to analysts’ expectations of $284.76 million. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts expect that AAON, Inc. will post 2.24 earnings per share for the current year.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, June 7th. AAON’s dividend payout ratio is currently 14.91%.

AAON Company 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.