Intech Investment Management LLC Makes New Investment in AAON, Inc. (NASDAQ:AAON)

Intech Investment Management LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,982 shares of the construction company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ORG Partners LLC acquired a new position in AAON during the second quarter worth approximately $29,000. Blue Trust Inc. grew its stake in shares of AAON by 202.0% during the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock valued at $32,000 after buying an additional 198 shares during the period. Crewe Advisors LLC purchased a new stake in shares of AAON during the 2nd quarter valued at $35,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON during the 3rd quarter worth $37,000. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock worth $53,000 after buying an additional 238 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Performance

AAON stock opened at $136.34 on Monday. The firm has a market capitalization of $11.08 billion, a PE ratio of 60.06 and a beta of 0.79. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The stock’s 50 day moving average price is $118.73 and its 200 day moving average price is $97.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON (NASDAQ:AAON) last posted its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. As a group, sell-side analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. AAON’s dividend payout ratio is presently 14.10%.

Insider Transactions at AAON

In other AAON news, VP Stephen E. Wakefield sold 5,750 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the completion of the transaction, the vice president now directly owns 9,920 shares of the company’s stock, valued at $1,387,411.20. This trade represents a 36.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company’s stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,967 shares of company stock valued at $6,271,357. 18.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AAON shares. Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. DA Davidson boosted their price objective on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, AAON has an average rating of “Moderate Buy” and an average target price of $133.00.

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.