AAON, Inc. (NASDAQ:AAON) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in AAON, Inc. (NASDAQ:AAON) by 50.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,176 shares of the construction company’s stock after purchasing an additional 393 shares during the quarter. Exchange Traded Concepts LLC’s holdings in AAON were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAON. Vanguard Group Inc. raised its stake in shares of AAON by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company’s stock valued at $641,267,000 after purchasing an additional 61,544 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in AAON by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company’s stock valued at $136,857,000 after buying an additional 24,095 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company’s stock worth $95,010,000 after buying an additional 561,195 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AAON by 19.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company’s stock worth $83,596,000 after acquiring an additional 157,699 shares during the period. Finally, BOKF NA boosted its holdings in shares of AAON by 2.0% in the first quarter. BOKF NA now owns 681,522 shares of the construction company’s stock valued at $59,960,000 after acquiring an additional 13,140 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Stock Down 2.4 %

Shares of AAON stock opened at $107.13 on Wednesday. AAON, Inc. has a 12-month low of $52.24 and a 12-month high of $113.86. The firm has a market capitalization of $8.81 billion, a PE ratio of 49.83 and a beta of 0.80. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $99.75 and its 200-day moving average is $88.99.

AAON (NASDAQ:AAON) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $283.77 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts anticipate that AAON, Inc. will post 2.28 earnings per share for the current year.

AAON Announces Dividend

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

Insider Buying and Selling

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 shares were 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 of the company’s stock, valued at $448,850.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $963,433.02. Following the completion of the transaction, the director now owns 5,135 shares in the company, valued at approximately $448,850.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Baird R W raised AAON to a “hold” rating in a research note on Wednesday, July 24th. Robert W. Baird upped their price objective on AAON from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. Finally, Sidoti downgraded shares of AAON from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $102.00 to $111.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.00.

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.