HighTower Advisors LLC Purchases 4,146 Shares of AAON, Inc. (NASDAQ:AAON)

HighTower Advisors LLC grew its holdings in shares of AAON, Inc. (NASDAQ:AAON) by 46.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,043 shares of the construction company’s stock after purchasing an additional 4,146 shares during the quarter. HighTower Advisors LLC’s holdings in AAON were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAON. ORG Partners LLC purchased a new stake in shares of AAON during the 2nd quarter valued at approximately $29,000. Blue Trust Inc. lifted its position in shares of 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 in the last quarter. Crewe Advisors LLC purchased a new stake in shares of AAON during the second quarter worth $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON in the third quarter valued at $37,000. Finally, Signaturefd LLC raised its stake in shares of AAON by 63.5% during the 2nd 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 period. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction dated 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 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, CEO Gary D. Fields sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,967 shares of company stock valued at $6,961,357 over the last 90 days. Insiders own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AAON Stock Up 0.0 %

Shares of NASDAQ AAON opened at $131.32 on Monday. The business has a 50-day moving average of $123.82 and a 200-day moving average of $101.10. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 57.85 and a beta of 0.83. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON, Inc. has a 12 month low of $67.99 and a 12 month high of $144.07.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON’s payout ratio is 14.10%.

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.