AAON, Inc. (NASDAQ:AAON) Stake Increased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its holdings in AAON, Inc. (NASDAQ:AAON) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,020 shares of the construction company’s stock after buying an additional 345 shares during the period. Alpha Cubed Investments LLC’s holdings in AAON were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its position in AAON by 40.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,046 shares of the construction company’s stock worth $113,000 after acquiring an additional 301 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of AAON in the third quarter worth approximately $2,052,000. Allied Investment Advisors LLC grew its position in AAON by 23.3% during the third quarter. Allied Investment Advisors LLC now owns 148,198 shares of the construction company’s stock valued at $15,982,000 after purchasing an additional 28,006 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in AAON in the 2nd quarter valued at approximately $250,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in AAON by 11.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 22,242 shares of the construction company’s stock valued at $1,941,000 after buying an additional 2,237 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. DA Davidson reaffirmed a “buy” rating and issued a $102.00 target price on shares of AAON in a research report on Wednesday, June 26th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Robert W. Baird increased their price objective on AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, AAON has a consensus rating of “Hold” and an average target price of $102.00.

Insider Buying and Selling at AAON

In other news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the sale, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 29,946 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $90.13, for a total value of $2,699,032.98. Following the completion of the transaction, the vice president now owns 15,670 shares of the company’s stock, valued at $1,412,337.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,609 shares of company stock valued at $5,441,927 in the last ninety days. Company insiders own 18.55% of the company’s stock.

AAON Stock Up 1.2 %

AAON stock opened at $109.15 on Wednesday. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 50.77 and a beta of 0.80. The company has a 50-day moving average of $95.05 and a two-hundred day moving average of $87.35. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $110.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) 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 firm had revenue of $313.57 million for the quarter, compared to analyst estimates of $283.77 million. During the same quarter last year, the firm posted $0.55 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current year.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, September 6th. AAON’s payout ratio is currently 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.