Bridges Investment Management Inc. Buys New Position in AAON, Inc. (NASDAQ:AAON)

Bridges Investment Management Inc. purchased a new position in AAON, Inc. (NASDAQ:AAON) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,209 shares of the construction company’s stock, valued at approximately $891,000.

Several other large investors have also added to or reduced their stakes in the stock. TFO Wealth Partners LLC purchased a new stake in shares of AAON in the 4th quarter worth about $27,000. ORG Partners LLC purchased a new stake in AAON in the second quarter worth about $29,000. Crewe Advisors LLC bought a new stake in AAON during the 2nd quarter valued at approximately $35,000. Signaturefd LLC grew its holdings in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after acquiring an additional 238 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of AAON by 35.6% in the 1st quarter. GAMMA Investing LLC now owns 690 shares of the construction company’s stock worth $61,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON 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 completion of the sale, the vice president now owns 15,670 shares of the company’s stock, valued at approximately $1,412,337.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Stephen E. Wakefield sold 29,946 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the sale, the vice president now owns 15,670 shares of the company’s stock, valued at approximately $1,412,337.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Asbjornson sold 11,022 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total transaction of $963,433.02. Following the transaction, the director now directly owns 5,135 shares of the company’s stock, valued at $448,850.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,609 shares of company stock valued at $5,441,927. 18.55% of the stock is owned by corporate insiders.

AAON Trading Up 1.6 %

AAON stock opened at $104.05 on Friday. AAON, Inc. has a 12 month low of $52.24 and a 12 month high of $104.73. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 48.40 and a beta of 0.80. The business’s fifty day simple moving average is $90.43 and its two-hundred day simple moving average is $85.22. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12.

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

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. AAON’s payout ratio is currently 14.88%.

Analyst Ratings Changes

AAON has been the topic of several research reports. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday. Robert W. Baird boosted their target price on shares of AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $102.00 price target on shares of AAON in a research note on Wednesday, June 26th. Finally, Baird R W raised shares of AAON to a “hold” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.00.

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.