Dimensional Fund Advisors LP Boosts Stock Position in AAON, Inc. (NASDAQ:AAON)

Dimensional Fund Advisors LP lifted its position in AAON, Inc. (NASDAQ:AAON) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,568,746 shares of the construction company’s stock after purchasing an additional 24,095 shares during the quarter. Dimensional Fund Advisors LP owned 1.91% of AAON worth $136,857,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAON. Norges Bank purchased a new stake in AAON during the 4th quarter valued at about $43,832,000. Vaughan Nelson Investment Management L.P. raised its position in AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock valued at $95,010,000 after purchasing an additional 561,195 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in AAON by 552.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock valued at $30,541,000 after purchasing an additional 296,423 shares during the last quarter. Norden Group LLC raised its position in AAON by 2,604.7% during the 1st quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock valued at $26,920,000 after purchasing an additional 294,253 shares during the last quarter. Finally, Swedbank AB bought a new position in AAON during the 2nd quarter valued at approximately $14,569,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAON. Baird R W raised AAON to a “hold” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their target price on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at $5,542,871.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,609 shares of company stock worth $5,441,927. Insiders own 18.55% of the company’s stock.

AAON Stock Up 1.6 %

AAON stock opened at $104.05 on Friday. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $104.73. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The firm has a market cap of $8.55 billion, a PE ratio of 48.40 and a beta of 0.80. The business has a 50 day moving average of $90.43 and a 200 day moving average of $85.25.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.02% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts forecast that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.31%. AAON’s dividend payout ratio is 14.88%.

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.