Royce & Associates LP acquired a new position in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,025 shares of the construction company's stock, valued at approximately $594,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in AAON by 3.5% during the second quarter. LPL Financial LLC now owns 4,995 shares of the construction company's stock valued at $274,000 after acquiring an additional 168 shares during the period. Maryland State Retirement & Pension System increased its position in AAON by 1.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 17,173 shares of the construction company's stock worth $925,000 after buying an additional 234 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of AAON by 0.4% during the second quarter. Public Sector Pension Investment Board now owns 77,611 shares of the construction company's stock worth $4,250,000 after buying an additional 307 shares during the last quarter. FMR LLC boosted its position in shares of AAON by 17.8% in the second 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 period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of AAON by 2.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,808 shares of the construction company's stock valued at $744,000 after acquiring an additional 323 shares during the period. 70.08% of the stock is currently owned by institutional investors and hedge funds.
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Insider Transactions at AAON
In other AAON news, CEO Gary D. Fields sold 5,000 shares of the business's stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $78.64, for a total value of $393,200.00. Following the transaction, the chief executive officer now directly owns 38,189 shares in the company, valued at $3,003,182.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Rony D. Gadiwalla sold 2,247 shares of the company's stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $78.61, for a total transaction of $176,636.67. Following the transaction, the vice president now owns 20,726 shares in the company, valued at approximately $1,629,270.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 5,000 shares of the firm's stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $78.64, for a total transaction of $393,200.00. Following the completion of the sale, the chief executive officer now owns 38,189 shares of the company's stock, valued at approximately $3,003,182.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,219 shares of company stock valued at $2,003,131. 19.27% of the stock is owned by insiders.
AAON Stock Performance
NASDAQ:AAON opened at $73.90 on Friday. The firm has a market capitalization of $3.93 billion, a PE ratio of 59.12 and a beta of 0.81. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.15. AAON, Inc. has a 12-month low of $47.50 and a 12-month high of $83.00. The firm has a 50-day moving average price of $76.71 and a 200 day moving average price of $65.72.
AAON (NASDAQ:AAON – Get Rating) last released its quarterly earnings data 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. The company had revenue of $242.61 million for the quarter. AAON had a return on equity of 14.48% and a net margin of 8.78%. Research analysts anticipate that AAON, Inc. will post 1.7 earnings per share for the current fiscal year.
AAON Increases Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 28th were paid a $0.24 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, November 25th. This is an increase from AAON's previous Semi-Annual dividend of $0.19. AAON's payout ratio is currently 38.40%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on AAON shares. TheStreet upgraded shares of AAON from a "c+" rating to a "b" rating in a research note on Wednesday, November 9th. DA Davidson lifted their target price 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 report on Saturday, November 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AAON currently has an average rating of "Moderate Buy" and a consensus target price of $73.33.
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.
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