Berry Wealth Group LP Makes New $225,000 Investment in AAON, Inc. (NASDAQ:AAON)

by · The Cerbat Gem

Berry Wealth Group LP purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,085 shares of the construction company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC bought a new position in AAON during the second quarter valued at about $29,000. Blue Trust Inc. raised its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. Crewe Advisors LLC bought a new stake in AAON during the second quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in AAON during the third quarter valued at approximately $37,000. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on AAON. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird upped their price target on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $102.00 price objective on shares of AAON in a research note on Wednesday, June 26th. Finally, Baird R W upgraded AAON to a “hold” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, AAON currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Check Out Our Latest Analysis on AAON

Insider Activity at AAON

In other AAON news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $448,850.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

AAON Stock Performance

NASDAQ:AAON traded up $0.24 during trading hours on Monday, hitting $109.58. 95,250 shares of the company traded hands, compared to its average volume of 614,971. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $113.86. The firm has a 50-day moving average of $98.91 and a 200 day moving average of $88.69. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 50.86 and a beta of 0.80.

AAON (NASDAQ:AAON – Get Free Report) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The business had revenue of $313.57 million during the quarter, compared to analysts’ expectations of $283.77 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that AAON, Inc. will post 2.28 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s dividend payout ratio is presently 14.88%.

About AAON

(Free Report)

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.

See Also

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