Strs Ohio Takes Position in AAON, Inc. (NASDAQ:AAON)

Strs Ohio purchased a new stake in AAON, Inc. (NASDAQ:AAONGet Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 600 shares of the construction company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Group One Trading L.P. acquired a new position in shares of AAON in the 1st quarter valued at about $39,000. Lazard Asset Management LLC bought a new stake in AAON in the 1st quarter valued at about $53,000. Nisa Investment Advisors LLC bought a new stake in AAON in the 2nd quarter valued at about $56,000. FMR LLC lifted its position in AAON by 17.8% in the 2nd quarter. FMR LLC now owns 2,060 shares of the construction company’s stock valued at $112,000 after purchasing an additional 311 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in AAON in the 2nd quarter valued at about $119,000. 70.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAON shares. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Saturday, November 19th. TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a research report on Wednesday, November 9th. Finally, DA Davidson lifted their price objective on shares of AAON to $75.00 in a research report on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, AAON presently has a consensus rating of “Moderate Buy” and an average price target of $73.33.

AAON Stock Up 0.2 %

AAON stock opened at $73.27 on Monday. AAON, Inc. has a 52 week low of $47.50 and a 52 week high of $83.00. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 58.62 and a beta of 0.81. The firm’s 50-day moving average is $77.12 and its two-hundred day moving average is $65.33. The company has a current ratio of 2.36, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

AAON (NASDAQ:AAONGet Rating) last released its quarterly earnings results on Monday, November 7th. The construction company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. AAON had a net margin of 8.78% and a return on equity of 14.48%. The company had revenue of $242.61 million for the quarter. On average, analysts forecast that AAON, Inc. will post 1.7 earnings per share for the current fiscal year.

AAON Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were issued a $0.24 dividend. This is an increase from AAON’s previous Semi-Annual dividend of $0.19. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, November 25th. AAON’s payout ratio is presently 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 that occurred 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 directly owns 38,189 shares in the company, valued at approximately $3,003,182.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Rebecca Thompson sold 15,500 shares of AAON stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 9,877 shares of the company’s stock, valued at $790,653.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary D. Fields sold 5,000 shares of AAON stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 38,189 shares in the company, valued at $3,003,182.96. The disclosure for this sale can be found here. Insiders have sold 27,219 shares of company stock worth $2,129,391 in the last ninety days. 19.27% of the stock is currently owned by corporate insiders.

About AAON

(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.

See Also

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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