AAON, Inc. (NASDAQ:AAON) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund grew its stake in AAON, Inc. (NASDAQ:AAONGet Rating) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,303 shares of the construction company’s stock after purchasing an additional 939 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of AAON worth $1,659,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Eaton Vance Management lifted its stake in shares of AAON by 81.5% in the first quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock worth $42,749,000 after buying an additional 344,398 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of AAON by 14.2% in the second quarter. Conestoga Capital Advisors LLC now owns 2,542,306 shares of the construction company’s stock worth $139,217,000 after buying an additional 316,362 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of AAON in the second quarter worth about $13,170,000. Goldman Sachs Group Inc. lifted its stake in shares of AAON by 46.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,584 shares of the construction company’s stock worth $33,303,000 after buying an additional 188,771 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of AAON in the first quarter worth about $5,409,000. Institutional investors and hedge funds own 70.61% of the company’s stock.

AAON Price Performance

Shares of AAON stock opened at $80.27 on Thursday. 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 firm’s 50-day moving average is $60.56 and its two-hundred day moving average is $57.24. AAON, Inc. has a 12 month low of $47.50 and a 12 month high of $83.79. The company has a market capitalization of $4.27 billion, a PE ratio of 64.22 and a beta of 0.76.

AAON Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 28th will be paid a $0.24 dividend. This represents a dividend yield of 0.6%. This is an increase from AAON’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend is Friday, November 25th. AAON’s payout ratio is 30.40%.

Wall Street Analysts Forecast Growth

AAON has been the topic of several research reports. DA Davidson raised their price target on shares of AAON to $75.00 in a research note on Tuesday. TheStreet raised shares of AAON from a “c+” rating to a “b” rating in a research note on Wednesday, November 9th. CJS Securities began coverage on shares of AAON in a research note on Thursday, September 15th. They issued an “outperform” rating and a $73.00 price target on the stock. Finally, StockNews.com downgraded shares of AAON from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.33.

Insider Activity

In other news, VP Rony D. Gadiwalla sold 11,237 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $58.74, for a total value of $660,061.38. Following the sale, the vice president now directly owns 20,726 shares of the company’s stock, valued at approximately $1,217,445.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Rony D. Gadiwalla sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $56.46, for a total value of $169,380.00. Following the sale, the vice president now directly owns 20,726 shares of the company’s stock, valued at approximately $1,170,189.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rony D. Gadiwalla sold 11,237 shares of AAON stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $58.74, for a total transaction of $660,061.38. Following the completion of the transaction, the vice president now owns 20,726 shares of the company’s stock, valued at approximately $1,217,445.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,395 shares of company stock valued at $3,580,715. Company insiders own 19.27% of the company’s stock.

AAON Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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