Creative Planning grew its position in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) by 28.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,769 shares of the construction company's stock after buying an additional 1,743 shares during the period. Creative Planning's holdings in AAON were worth $419,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAON. Strs Ohio bought a new position in AAON during the 3rd quarter worth approximately $32,000. Group One Trading L.P. bought a new stake in shares of AAON in the 1st quarter worth approximately $39,000. Pinnacle Financial Partners Inc. bought a new stake in shares of AAON in the 3rd quarter worth approximately $40,000. Lazard Asset Management LLC bought a new stake in shares of AAON in the 1st quarter worth approximately $53,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of AAON in the 2nd quarter worth approximately $56,000. Institutional investors own 70.08% of the company's stock.

AAON Stock Up 1.1 %

Shares of AAON stock opened at $80.78 on Friday. The business's fifty day moving average price is $76.48 and its two-hundred day moving average price is $66.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.36 and a quick ratio of 1.12. The company has a market capitalization of $4.30 billion, a P/E ratio of 64.62 and a beta of 0.81. AAON, Inc. has a 1-year low of $47.50 and a 1-year high of $83.00.

AAON Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 25th. This is a boost from AAON's previous Semi-Annual dividend of $0.19. This represents a dividend yield of 0.6%. AAON's dividend payout ratio (DPR) is 38.40%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DA Davidson raised their price target on AAON to $75.00 in a report on Tuesday, November 15th. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a report on Saturday, November 19th. Finally, TheStreet raised AAON from a "c+" rating to a "b" rating in a report on Wednesday, November 9th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.33.

Insider Activity

In other news, VP Larry Gene Stewart sold 2,472 shares of AAON stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $77.88, for a total transaction of $192,519.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Gary D. Fields sold 5,000 shares of AAON stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $78.64, for a total transaction of $393,200.00. Following the transaction, the chief executive officer now directly owns 38,189 shares in the company, valued at approximately $3,003,182.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Larry Gene Stewart sold 2,472 shares of AAON stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $77.88, for a total value of $192,519.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,219 shares of company stock worth $2,003,131. 19.27% of the stock is owned by company insiders.

AAON Profile

(Get Rating)

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.

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