Principal Financial Group Inc. lowered its holdings in AAON, Inc. (NASDAQ:AAON – Get Rating) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 263,507 shares of the construction company’s stock after selling 17,637 shares during the period. Principal Financial Group Inc. owned about 0.50% of AAON worth $14,430,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its holdings in AAON by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 16,939 shares of the construction company’s stock valued at $928,000 after purchasing an additional 330 shares during the last quarter. EULAV Asset Management boosted its holdings in AAON by 3.6% in the first quarter. EULAV Asset Management now owns 123,747 shares of the construction company’s stock valued at $6,896,000 after purchasing an additional 4,300 shares during the last quarter. Personal Capital Advisors Corp raised its stake in AAON by 1.3% during the second quarter. Personal Capital Advisors Corp now owns 138,042 shares of the construction company’s stock valued at $7,559,000 after buying an additional 1,823 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in AAON during the first quarter valued at approximately $58,000. Finally, Capital Advisors Inc. OK raised its stake in AAON by 0.3% during the first quarter. Capital Advisors Inc. OK now owns 1,098,732 shares of the construction company’s stock valued at $61,232,000 after buying an additional 3,232 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.
Insider Buying and Selling
In other news, VP Rony D. Gadiwalla sold 11,237 shares of the firm’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 transaction of $660,061.38. Following the completion of the sale, the vice president now owns 20,726 shares of the company’s stock, valued at $1,217,445.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other AAON news, VP Rony D. Gadiwalla sold 11,237 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $58.74, for a total transaction of $660,061.38. Following the transaction, the vice president now directly owns 20,726 shares in the company, valued at approximately $1,217,445.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Rony D. Gadiwalla sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $56.46, for a total transaction of $169,380.00. Following the sale, the vice president now directly owns 20,726 shares of the company’s stock, valued at $1,170,189.96. The disclosure for this sale can be found here. Insiders sold 54,395 shares of company stock worth $3,580,715 in the last quarter. 19.27% of the stock is owned by corporate insiders.
AAON Stock Performance
AAON Increases Dividend
The business also recently disclosed 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 is a positive change from AAON’s previous Semi-Annual dividend of $0.19. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 25th. AAON’s dividend payout ratio is currently 30.40%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on AAON. TheStreet upgraded AAON from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Saturday, November 19th. DA Davidson raised their price objective on AAON to $75.00 in a research note on Tuesday, November 15th. Finally, CJS Securities started coverage on AAON in a research note on Thursday, September 15th. They set an “outperform” rating and a $73.00 price objective for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.33.
AAON Company Profile
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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