Cetera Investment Advisers Has $1.06 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Cetera Investment Advisers lessened its position in AAON, Inc. (NASDAQ:AAON) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,972 shares of the construction company’s stock after selling 1,791 shares during the period. Cetera Investment Advisers’ holdings in AAON were worth $1,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAON. Vanguard Group Inc. grew its stake in AAON by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company’s stock worth $734,262,000 after purchasing an additional 75,832 shares during the period. JPMorgan Chase & Co. increased its position in shares of AAON by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company’s stock valued at $351,615,000 after acquiring an additional 150,207 shares during the last quarter. Invesco Ltd. increased its position in AAON by 15.6% in the fourth quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company’s stock worth $239,184,000 after buying an additional 274,119 shares during the last quarter. Geode Capital Management LLC increased its position in AAON by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company’s stock worth $145,692,000 after buying an additional 3,644 shares during the last quarter. Finally, Blair William & Co. IL increased its position in AAON by 4.2% in the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company’s stock worth $137,660,000 after buying an additional 47,254 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Gordon Douglas Wichman sold 3,975 shares of AAON stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $105.75, for a total value of $420,356.25. Following the completion of the transaction, the director now owns 8,754 shares in the company, valued at approximately $925,735.50. This trade represents a 31.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Raymond Stewart purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.86 per share, with a total value of $80,860.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at $242,580. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 70,823 shares of company stock valued at $7,122,451. 18.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAON shares. Wall Street Zen cut AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Robert W. Baird lowered their price target on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Friday, February 28th. Finally, DA Davidson reduced their target price on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AAON has an average rating of “Moderate Buy” and a consensus price target of $115.50.

AAON Stock Performance

Shares of AAON opened at $99.10 on Friday. The business’s fifty day simple moving average is $88.16 and its two-hundred day simple moving average is $107.42. 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 $68.98 and a 12 month high of $144.07. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 43.66 and a beta of 1.06.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm had revenue of $322.05 million for the quarter, compared to analysts’ expectations of $289.16 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

AAON Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. AAON’s dividend payout ratio is currently 21.05%.

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.