Wasatch Advisors LP Grows Stock Position in AAON, Inc. (NASDAQ:AAON)

Wasatch Advisors LP raised its stake in shares of AAON, Inc. (NASDAQ:AAON) by 39.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,866,746 shares of the construction company’s stock after buying an additional 525,132 shares during the period. Wasatch Advisors LP owned about 2.30% of AAON worth $201,310,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors raised its stake in shares of AAON by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock valued at $949,000 after buying an additional 89 shares during the last quarter. NBC Securities Inc. increased its stake in shares of AAON by 4.5% in the 3rd quarter. NBC Securities Inc. now owns 3,601 shares of the construction company’s stock valued at $388,000 after purchasing an additional 156 shares in the last quarter. Ascent Wealth Partners LLC increased its stake in shares of AAON by 1.1% in the 2nd quarter. Ascent Wealth Partners LLC now owns 16,692 shares of the construction company’s stock valued at $1,456,000 after purchasing an additional 178 shares in the last quarter. Blue Trust Inc. increased its stake in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after purchasing an additional 198 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of AAON by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 19,312 shares of the construction company’s stock valued at $2,083,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

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

AAON Trading Up 0.3 %

AAON stock opened at $136.34 on Friday. 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 $61.09 and a 12-month high of $144.07. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 60.06 and a beta of 0.79. The business’s 50-day moving average is $118.73 and its 200 day moving average is $96.82.

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

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON’s dividend payout ratio is currently 14.10%.

Insider Transactions at AAON

In other news, VP Casey Kidwell sold 1,421 shares of AAON stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the sale, the vice president now owns 4,953 shares of the company’s stock, valued at approximately $669,348.42. The trade was a 22.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $8,488,868.85. The trade was a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,967 shares of company stock worth $6,271,357 in the last ninety days. Insiders own 18.55% of the company’s stock.

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.