Handelsbanken Fonder AB bought a new stake in AAON, Inc. (NASDAQ:AAON – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,416 shares of the construction company's stock, valued at approximately $400,000.
Other large investors also recently bought and sold shares of the company. Raymond James & Associates increased its stake in AAON by 32.7% during the third quarter. Raymond James & Associates now owns 107,951 shares of the construction company's stock worth $5,816,000 after purchasing an additional 26,586 shares during the period. Louisiana State Employees Retirement System purchased a new stake in AAON during the 3rd quarter worth approximately $1,083,000. Legacy Wealth Asset Management LLC lifted its holdings in AAON by 41.3% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,714 shares of the construction company's stock worth $308,000 after buying an additional 1,669 shares in the last quarter. Summit Global Investments purchased a new position in AAON in the 2nd quarter valued at approximately $465,000. Finally, Captrust Financial Advisors grew its stake in shares of AAON by 27.3% in the second quarter. Captrust Financial Advisors now owns 3,829 shares of the construction company's stock worth $210,000 after acquiring an additional 820 shares in the last quarter. Institutional investors and hedge funds own 70.08% of the company's stock.
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Analyst Ratings Changes
AAON has been the subject of a number of recent research reports. TheStreet upgraded AAON from a "c+" rating to a "b" rating in a report on Wednesday, November 9th. DA Davidson upped their target price on shares of AAON to $75.00 in a research note on Tuesday, November 15th. StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a research note on Saturday, November 19th. Finally, CJS Securities assumed coverage on shares of AAON in a research note on Thursday, September 15th. They set an "outperform" rating and a $73.00 target price on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, AAON presently has a consensus rating of "Moderate Buy" and an average price target of $73.33.
Insider Activity at AAON
In related news, VP Rony D. Gadiwalla sold 439 shares of the company's stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $57.00, for a total value of $25,023.00. Following the completion of the transaction, the vice president now directly owns 20,726 shares of the company's stock, valued at $1,181,382. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
the SEC website. In other news, VP Rony D. Gadiwalla sold 439 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $57.00, for a total value of $25,023.00. Following the completion of the sale, the vice president now directly owns 20,726 shares of the company's stock, valued at $1,181,382. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through
this hyperlink. Also, CEO Gary D. Fields sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $78.64, for a total value of $393,200.00. Following the completion of the sale, the chief executive officer now directly owns 38,189 shares of the company's stock, valued at $3,003,182.96. The disclosure for this sale can be found
here. Insiders sold 37,158 shares of company stock valued at $2,702,374 over the last three months. 19.27% of the stock is owned by corporate insiders.
AAON Stock Up 0.5 %
AAON stock opened at $75.97 on Thursday. The company's 50 day moving average price is $76.53 and its 200 day moving average price is $64.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 2.36. AAON, Inc. has a fifty-two week low of $47.50 and a fifty-two week high of $83.00. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 60.78 and a beta of 0.81.
AAON (NASDAQ:AAON – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.07. The firm had revenue of $242.61 million during the quarter. AAON had a return on equity of 14.48% and a net margin of 8.78%. On average, equities research analysts anticipate that AAON, Inc. will post 1.7 EPS for the current fiscal year.
AAON Increases Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were issued a $0.24 dividend. This represents a yield of 0.6%. This is an increase from AAON's previous Semi-Annual dividend of $0.19. The ex-dividend date was Friday, November 25th. AAON's dividend payout ratio is 38.40%.
AAON Profile
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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.
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