GAMMA Investing LLC Purchases 590 Shares of AAON, Inc. (NASDAQ:AAON)

GAMMA Investing LLC increased its position in shares of AAON, Inc. (NASDAQ:AAON) by 56.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,636 shares of the construction company’s stock after acquiring an additional 590 shares during the period. GAMMA Investing LLC’s holdings in AAON were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAON. TD Asset Management Inc increased its holdings in AAON by 6.6% in the second quarter. TD Asset Management Inc now owns 41,864 shares of the construction company’s stock valued at $3,652,000 after purchasing an additional 2,600 shares during the period. Victory Capital Management Inc. increased its stake in shares of AAON by 217.6% in the second quarter. Victory Capital Management Inc. now owns 196,113 shares of the construction company’s stock valued at $17,109,000 after buying an additional 134,355 shares during the period. Arizona State Retirement System raised its position in shares of AAON by 2.9% during the second quarter. Arizona State Retirement System now owns 19,536 shares of the construction company’s stock worth $1,704,000 after acquiring an additional 557 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of AAON by 69.2% during the second quarter. Daiwa Securities Group Inc. now owns 103,881 shares of the construction company’s stock worth $9,063,000 after acquiring an additional 42,493 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of AAON in the second quarter worth approximately $149,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Buying and Selling at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the company’s stock in a transaction on 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 owns 4,953 shares in the company, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 35,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,329 shares of company stock valued at $7,663,726. Corporate insiders own 18.55% of the company’s stock.

AAON Stock Performance

Shares of AAON opened at $120.19 on Thursday. AAON, Inc. has a one year low of $68.38 and a one year high of $144.07. The company has a market cap of $9.77 billion, a PE ratio of 52.95 and a beta of 0.87. The stock has a 50-day moving average of $127.82 and a 200-day moving average of $106.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analysts’ expectations of $315.80 million. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.27%. AAON’s payout ratio is 14.10%.

Wall Street Analysts Forecast Growth

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