Global Retirement Partners LLC Makes New Investment in AAON, Inc. $AAON

Global Retirement Partners LLC bought a new stake in AAON, Inc. (NASDAQ:AAON) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,899 shares of the construction company’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAON. CWM LLC increased its position in AAON by 25.7% in the 1st quarter. CWM LLC now owns 938 shares of the construction company’s stock valued at $73,000 after acquiring an additional 192 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of AAON by 12.4% in the first quarter. Cetera Investment Advisers now owns 10,089 shares of the construction company’s stock valued at $788,000 after purchasing an additional 1,117 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AAON by 3.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,652 shares of the construction company’s stock worth $989,000 after purchasing an additional 429 shares during the last quarter. Nicolet Advisory Services LLC raised its position in AAON by 7.9% in the 1st quarter. Nicolet Advisory Services LLC now owns 9,077 shares of the construction company’s stock worth $730,000 after purchasing an additional 668 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in AAON during the 1st quarter worth $331,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling

In other news, Director Gary D. Fields sold 26,746 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $105.21, for a total value of $2,813,946.66. Following the completion of the transaction, the director owned 26,340 shares of the company’s stock, valued at $2,771,231.40. The trade was a 50.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rebecca Thompson sold 9,350 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $81.09, for a total value of $758,191.50. Following the sale, the chief financial officer directly owned 24,396 shares in the company, valued at $1,978,271.64. The trade was a 27.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 39,649 shares of company stock valued at $3,945,701. Corporate insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

AAON has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $115.00 target price on shares of AAON in a research note on Friday, November 7th. Zacks Research upgraded AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AAON in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

AAON Stock Up 0.3%

Shares of AAON stock opened at $93.48 on Friday. The business has a fifty day simple moving average of $97.61 and a 200 day simple moving average of $88.30. The stock has a market cap of $7.63 billion, a PE ratio of 63.59 and a beta of 1.05. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON, Inc. has a 12 month low of $62.00 and a 12 month high of $139.09.

AAON (NASDAQ:AAON) last issued its earnings results on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $322.05 million for the quarter. AAON had a return on equity of 15.45% and a net margin of 9.70%. Research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, November 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.40 annualized dividend and a yield of 0.4%. AAON’s dividend payout ratio (DPR) is presently 33.06%.

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.