Barbara Oil Co. Invests $959,000 in AAON, Inc. $AAON

Barbara Oil Co. bought a new position in AAON, Inc. (NASDAQ:AAON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,000 shares of the construction company’s stock, valued at approximately $959,000.

Several other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of AAON by 96.5% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock worth $25,000 after acquiring an additional 164 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in AAON during the 2nd quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in AAON during the 2nd quarter valued at about $53,000. UMB Bank n.a. grew its position in AAON by 32.9% in the 2nd quarter. UMB Bank n.a. now owns 783 shares of the construction company’s stock worth $58,000 after purchasing an additional 194 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in AAON in the 2nd quarter worth about $91,000. 70.81% of the stock is owned by institutional investors.

AAON Stock Up 0.8%

Shares of NASDAQ:AAON opened at $87.53 on Friday. The firm has a 50 day simple moving average of $97.38 and a 200 day simple moving average of $87.73. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $139.09. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04. The company has a market cap of $7.15 billion, a PE ratio of 72.34 and a beta of 1.06.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%.The firm had revenue of $322.05 million during the quarter. As a group, research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 33.06%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AAON shares. DA Davidson reduced their price target on AAON from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Wall Street Zen lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Robert W. Baird lowered their target price on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and a consensus target price of $104.60.

Insider Activity

In related news, Director Gary D. Fields sold 3,553 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $105.14, for a total value of $373,562.42. Following the completion of the sale, the director owned 26,340 shares in the company, valued at approximately $2,769,387.60. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.70% of the company’s stock.

AAON 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.