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AAON, Inc. (NASDAQ:AAON) Stock Position Lifted by Creative Planning

Defense World ·  Feb 4, 2023 06:11

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.

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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 (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. The firm 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%. As a group, research analysts forecast that AAON, Inc. will post 1.7 EPS for the current year.

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

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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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