Blue Trust Inc. Grows Position in AAON, Inc. (NASDAQ:AAON)

Blue Trust Inc. raised its position in AAON, Inc. (NASDAQ:AAON) by 202.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296 shares of the construction company’s stock after buying an additional 198 shares during the quarter. Blue Trust Inc.’s holdings in AAON were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. ORG Partners LLC purchased a new position in shares of AAON during the second quarter worth about $29,000. Crewe Advisors LLC acquired a new stake in AAON during the 2nd quarter worth approximately $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON in the 3rd quarter valued at approximately $37,000. Signaturefd LLC increased its holdings in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. Finally, RiverPark Advisors LLC purchased a new stake in shares of AAON during the second quarter worth approximately $77,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

Shares of NASDAQ AAON opened at $113.47 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. AAON, Inc. has a one year low of $56.17 and a one year high of $122.97. The firm has a market capitalization of $9.19 billion, a P/E ratio of 51.11 and a beta of 0.80. The company’s fifty day moving average is $103.39 and its two-hundred day moving average is $90.35.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. AAON had a net margin of 15.60% and a return on equity of 26.02%. The firm had revenue of $313.57 million for the quarter, compared to the consensus estimate of $283.77 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Analysts forecast that AAON, Inc. will post 2.28 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AAON shares. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $114.00 to $130.00 in a research report on Monday, October 28th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and raised their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $114.33.

Insider Activity at AAON

In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the sale, the director now directly owns 5,135 shares in the company, valued at approximately $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gary D. Fields sold 20,641 shares of the firm’s stock in a transaction that occurred on 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 directly owns 64,295 shares of the company’s stock, valued at $5,542,871.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now owns 5,135 shares of the company’s stock, valued at $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

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.