B. Riley Wealth Advisors Inc. Purchases 1,582 Shares of AAON, Inc. (NASDAQ:AAON)

B. Riley Wealth Advisors Inc. boosted its position in AAON, Inc. (NASDAQ:AAON) by 32.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,495 shares of the construction company’s stock after purchasing an additional 1,582 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in AAON were worth $567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AAON. Vaughan Nelson Investment Management L.P. increased its holdings in shares of AAON by 106.3% during the second 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 acquiring an additional 561,195 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of AAON during the second quarter valued at about $44,934,000. Millennium Management LLC increased its holdings in AAON by 212.3% in the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company’s stock worth $57,278,000 after buying an additional 446,344 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in AAON by 552.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company’s stock worth $30,541,000 after buying an additional 296,423 shares during the period. Finally, Norden Group LLC increased its holdings in AAON by 2,604.7% in the 1st quarter. Norden Group LLC now owns 305,550 shares of the construction company’s stock worth $26,920,000 after buying an additional 294,253 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAON shares. DA Davidson reiterated a “buy” rating and issued a $102.00 price target on shares of AAON in a report on Wednesday, June 26th. Robert W. Baird increased their price target on shares of AAON from $100.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, Baird R W upgraded shares of AAON to a “hold” rating in a report on Wednesday, July 24th. Three equities 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, AAON presently has a consensus rating of “Hold” and a consensus target price of $102.00.

AAON Stock Up 0.5 %

Shares of AAON opened at $107.71 on Friday. AAON, Inc. has a 52-week low of $52.24 and a 52-week high of $109.46. The company has a market capitalization of $8.85 billion, a PE ratio of 50.10 and a beta of 0.80. The stock has a fifty day simple moving average of $94.19 and a two-hundred day simple moving average of $87.05. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

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

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio (DPR) is 14.88%.

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction dated 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 approximately $5,542,871.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $1,779,460.61. Following the transaction, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,609 shares of company stock worth $5,441,927 in the last three months. 18.55% of the stock is owned by company insiders.

About AAON

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.