State of New Jersey Common Pension Fund D decreased its position in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,095 shares of the construction company's stock after selling 3,818 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of AAON worth $2,160,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in AAON by 0.4% during the 1st quarter. BlackRock Inc. now owns 6,321,522 shares of the construction company's stock worth $352,300,000 after acquiring an additional 22,951 shares in the last quarter. Vanguard Group Inc. lifted its stake in AAON by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,466,011 shares of the construction company's stock worth $248,891,000 after acquiring an additional 33,557 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in AAON by 14.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,542,306 shares of the construction company's stock worth $139,217,000 after acquiring an additional 316,362 shares in the last quarter. State Street Corp lifted its stake in AAON by 2.0% during the 2nd quarter. State Street Corp now owns 1,418,708 shares of the construction company's stock worth $77,954,000 after acquiring an additional 28,237 shares in the last quarter. Finally, Eaton Vance Management raised its position in AAON by 81.5% in the 1st quarter. Eaton Vance Management now owns 767,059 shares of the construction company's stock valued at $42,749,000 after purchasing an additional 344,398 shares in the last quarter. Institutional investors and hedge funds own 70.08% of the company's stock.
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Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on AAON shares. TheStreet raised AAON from a "c+" rating to a "b" rating in a research report on Wednesday, November 9th. DA Davidson increased their price target on AAON to $75.00 in a research report on Tuesday, November 15th. Finally, StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research report on Saturday, November 19th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $73.33.
AAON Trading Down 1.0 %
AAON opened at $77.10 on Wednesday. AAON, Inc. has a one year low of $47.50 and a one year high of $83.00. The company has a market cap of $4.10 billion, a P/E ratio of 61.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 2.36. The business's 50-day simple moving average is $77.31 and its 200-day simple moving average is $64.95.
AAON (NASDAQ:AAON – Get Rating) last announced its earnings results on Monday, November 7th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. AAON had a return on equity of 14.48% and a net margin of 8.78%. The company had revenue of $242.61 million for the quarter. As a group, equities research analysts expect that AAON, Inc. will post 1.7 EPS for the current fiscal year.
AAON Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were issued 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 yield of 0.6%. AAON's payout ratio is currently 38.40%.
Insider Buying and Selling
In related 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 completion of the transaction, the chief executive officer now directly owns 38,189 shares of the company's stock, valued at $3,003,182.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other AAON news, CEO Gary D. Fields sold 5,000 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 38,189 shares of the company's stock, valued at $3,003,182.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rony D. Gadiwalla sold 9,500 shares of the firm's stock in a transaction on Monday, October 24th. The stock was sold at an average price of $57.68, for a total value of $547,960.00. Following the transaction, the vice president now directly owns 20,726 shares of the company's stock, valued at approximately $1,195,475.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,719 shares of company stock valued at $2,677,351. 19.27% of the stock is owned by insiders.
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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