2,882 Shares in AAON, Inc. (NASDAQ:AAON) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,882 shares of the construction company’s stock, valued at approximately $251,000.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after acquiring an additional 24,095 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of AAON by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 318,499 shares of the construction company’s stock valued at $27,786,000 after purchasing an additional 7,159 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of AAON in the 2nd quarter worth about $647,000. Federated Hermes Inc. acquired a new stake in shares of AAON during the 2nd quarter worth about $657,000. Finally, Nicholas Investment Partners LP acquired a new position in AAON in the second quarter valued at about $5,163,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Baird R W upgraded shares of AAON to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson restated a “buy” rating and issued a $102.00 target price on shares of AAON in a research note on Wednesday, June 26th. Finally, Robert W. Baird upped their price target on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, AAON currently has an average 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 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 transaction, the chief executive officer now owns 64,295 shares of the company’s stock, valued at approximately $5,542,871.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the company’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 value of $963,433.02. Following the completion of the sale, the director now owns 5,135 shares of the company’s stock, valued at $448,850.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary D. Fields sold 20,641 shares of the stock in a transaction 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 completion of the sale, 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. Over the last ninety days, insiders have sold 61,609 shares of company stock valued at $5,441,927. 18.55% of the stock is currently owned by insiders.

AAON Stock Up 3.6 %

NASDAQ:AAON opened at $107.82 on Tuesday. The stock’s fifty day moving average price is $90.76 and its two-hundred day moving average price is $85.46. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 50.15 and a beta of 0.80. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $108.02. 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 (NASDAQ:AAON) last announced 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 return on equity of 26.02% and a net margin of 15.60%. The firm had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. During the same period last year, the company earned $0.55 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that AAON, Inc. will post 2.29 EPS for the current year.

AAON Announces Dividend

The firm 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 is Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.30%. AAON’s dividend payout ratio is currently 14.88%.

AAON 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.