4,982 Shares in AAON, Inc. (NASDAQ:AAON) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,982 shares of the construction company’s stock, valued at approximately $537,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of AAON in the 2nd quarter valued at about $29,000. Blue Trust Inc. raised its stake in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after acquiring an additional 198 shares during the period. Crewe Advisors LLC bought a new position in AAON in the second quarter worth about $35,000. ORG Wealth Partners LLC acquired a new position in AAON in the third quarter valued at approximately $37,000. Finally, Signaturefd LLC grew its holdings in shares of AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sidoti lowered AAON from a “buy” rating to a “neutral” rating and increased their target price for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. DA Davidson increased their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

AAON Stock Up 0.2 %

Shares of AAON stock opened at $136.34 on Monday. AAON, Inc. has a 1-year low of $61.09 and a 1-year high of $144.07. The company has a market capitalization of $11.08 billion, a P/E ratio of 60.06 and a beta of 0.79. The business’s fifty day moving average price is $118.73 and its two-hundred day moving average price is $97.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, November 29th. AAON’s dividend payout ratio (DPR) is presently 14.10%.

Insider Activity at AAON

In other news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 5,750 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the completion of the sale, the vice president now owns 9,920 shares of the company’s stock, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,967 shares of company stock worth $6,271,357 over the last quarter. 18.55% of the stock is currently owned by company insiders.

About AAON

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.