Bar Harbor Wealth Management Purchases New Position in AAON, Inc. $AAON

Bar Harbor Wealth Management acquired a new position in shares of AAON, Inc. (NASDAQ:AAON) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 109,410 shares of the construction company’s stock, valued at approximately $10,223,000. Bar Harbor Wealth Management owned about 0.13% of AAON as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of AAON in the 3rd quarter valued at about $590,000. Swedbank AB lifted its stake in AAON by 50.5% in the third quarter. Swedbank AB now owns 325,000 shares of the construction company’s stock valued at $30,368,000 after buying an additional 109,000 shares during the last quarter. Chatham Capital Group Inc. lifted its stake in AAON by 10.4% in the third quarter. Chatham Capital Group Inc. now owns 68,193 shares of the construction company’s stock valued at $6,372,000 after buying an additional 6,441 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of AAON in the third quarter valued at approximately $269,000. Finally, Riverbridge Partners LLC acquired a new stake in shares of AAON in the third quarter valued at approximately $20,948,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

AAON has been the subject of a number of recent research reports. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Oppenheimer restated an “outperform” rating and set a $115.00 price target on shares of AAON in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.60.

Insider Buying and Selling at AAON

In related news, EVP Stephen E. Wakefield acquired 4,141 shares of the business’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of $77.59 per share, with a total value of $321,300.19. Following the completion of the transaction, the executive vice president directly owned 15,212 shares of the company’s stock, valued at $1,180,299.08. This trade represents a 37.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary D. Fields sold 3,553 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the completion of the sale, the director directly owned 26,340 shares of the company’s stock, valued at $2,769,387.60. The trade was a 11.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.70% of the stock is currently owned by corporate insiders.

AAON Stock Performance

AAON stock opened at $75.60 on Thursday. AAON, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $137.90. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 62.48 and a beta of 1.06. The stock has a fifty day moving average of $91.69 and a two-hundred day moving average of $85.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 3.04.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Tuesday, June 10th. The construction company reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $322.05 million for the quarter. AAON had a return on equity of 12.52% and a net margin of 7.62%. On average, analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, November 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, November 26th. AAON’s dividend payout ratio is 33.06%.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.