State of Alaska Department of Revenue decreased its holdings in AAON, Inc. (NASDAQ:AAON – Get Rating) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,075 shares of the construction company's stock after selling 2,678 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of AAON worth $1,566,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Group One Trading L.P. purchased a new position in shares of AAON in the first quarter worth approximately $39,000. Lazard Asset Management LLC purchased a new position in shares of AAON in the first quarter worth approximately $53,000. Nisa Investment Advisors LLC purchased a new position in shares of AAON in the second quarter worth approximately $56,000. FMR LLC boosted its holdings in shares of AAON by 17.8% in the second quarter. FMR LLC now owns 2,060 shares of the construction company's stock worth $112,000 after buying an additional 311 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of AAON in the second quarter worth approximately $119,000. Hedge funds and other institutional investors own 70.08% of the company's stock.
Get AAON alerts:AAON Price Performance
AAON stock opened at $70.50 on Friday. AAON, Inc. has a one year low of $47.50 and a one year high of $83.00. The company's fifty day moving average price is $75.68 and its 200-day moving average price is $63.48. 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 company has a market capitalization of $3.75 billion, a PE ratio of 56.40 and a beta of 0.81.
AAON (NASDAQ:AAON – Get Rating) last released its earnings results on Monday, November 7th. The construction company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. AAON had a net margin of 8.78% and a return on equity of 14.48%. The firm had revenue of $242.61 million for the quarter. On average, equities 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 given a $0.24 dividend. This represents a yield of 0.6%. The ex-dividend date was Friday, November 25th. This is a boost from AAON's previous Semi-Annual dividend of $0.19. AAON's payout ratio is currently 38.40%.
Insider Buying and Selling
In related news, CEO Gary D. Fields sold 5,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 38,189 shares in the company, valued at $3,003,182.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Rebecca Thompson sold 15,500 shares of the business's stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total value of $1,240,775.00. Following the sale, the chief financial officer now owns 9,877 shares in the company, valued at $790,653.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary D. Fields sold 5,000 shares of the business'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 sale, the chief executive officer now owns 38,189 shares in the company, valued at approximately $3,003,182.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,158 shares of company stock worth $2,977,974. Insiders own 19.27% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on AAON shares. DA Davidson raised their price objective on shares of AAON to $75.00 in a report on Tuesday, November 15th. CJS Securities began coverage on shares of AAON in a report on Thursday, September 15th. They set an "outperform" rating and a $73.00 price target on the stock. StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a report on Saturday, November 19th. Finally, TheStreet raised shares of AAON from a "c+" rating to a "b" rating in a report on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.33.
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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