AAON, Inc. (NASDAQ:AAON) Shares Purchased by CIBC Private Wealth Group LLC

Posted by Defense World Staff on Jun 5th, 2023

CIBC Private Wealth Group LLC grew its holdings in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) by 139.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,186 shares of the construction company’s stock after acquiring an additional 14,089 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in AAON were worth $1,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AAON. Bessemer Group Inc. boosted its stake in AAON by 39.7% during the 3rd quarter. Bessemer Group Inc. now owns 598 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Group One Trading L.P. bought a new position in AAON during the first quarter valued at about $39,000. Lazard Asset Management LLC acquired a new position in AAON during the first quarter worth about $53,000. Quadrant Capital Group LLC raised its position in AAON by 90.0% in the third quarter. Quadrant Capital Group LLC now owns 1,995 shares of the construction company’s stock worth $107,000 after acquiring an additional 945 shares in the last quarter. Finally, FMR LLC lifted its holdings in AAON by 17.8% in the 2nd quarter. FMR LLC now owns 2,060 shares of the construction company’s stock valued at $112,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 70.08% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gary D. Fields sold 504 shares of AAON stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $97.04, for a total value of $48,908.16. Following the transaction, the chief executive officer now owns 39,827 shares of the company’s stock, valued at $3,864,812.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AAON news, CEO Gary D. Fields sold 504 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $97.04, for a total transaction of $48,908.16. Following the completion of the sale, the chief executive officer now directly owns 39,827 shares in the company, valued at $3,864,812.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen E. Wakefield acquired 516 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $89.30 per share, for a total transaction of $46,078.80. Following the completion of the purchase, the chief operating officer now directly owns 9,121 shares of the company’s stock, valued at approximately $814,505.30. The disclosure for this purchase can be found here. Corporate insiders own 19.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AAON shares. StockNews.com assumed coverage on shares of AAON in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. DA Davidson boosted their target price on AAON from $100.00 to $115.00 in a research note on Friday, May 5th. Finally, CJS Securities lowered AAON from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th.

AAON Stock Performance

Shares of AAON opened at $91.58 on Monday. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 41.82 and a beta of 0.81. The company’s fifty day moving average is $94.53 and its 200-day moving average is $85.17. The company has a quick ratio of 1.34, a current ratio of 2.79 and a debt-to-equity ratio of 0.14. AAON, Inc. has a 12 month low of $48.97 and a 12 month high of $104.32.

AAON (NASDAQ:AAON – Get Rating) last posted its earnings results on Thursday, May 4th. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.54 by $0.13. AAON had a net margin of 12.26% and a return on equity of 21.81%. The firm had revenue of $265.95 million for the quarter, compared to the consensus estimate of $248.28 million. During the same period in the prior year, the business posted $0.33 earnings per share. The business’s quarterly revenue was up 45.5% on a year-over-year basis. Equities analysts expect that AAON, Inc. will post 2.84 EPS for the current fiscal year.

AAON Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from AAON’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, June 8th. AAON’s dividend payout ratio (DPR) is presently 21.92%.

AAON Company Profile

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AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.