Strs Ohio Acquires New Position in AAON, Inc. (NASDAQ:AAON)

Strs Ohio bought a new stake in AAON, Inc. (NASDAQ:AAONGet Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 600 shares of the construction company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently added to or reduced their stakes in AAON. Group One Trading L.P. acquired a new stake in AAON in the first quarter valued at approximately $39,000. Citigroup Inc. lifted its stake in AAON by 7.4% in the first quarter. Citigroup Inc. now owns 39,894 shares of the construction company’s stock valued at $2,223,000 after acquiring an additional 2,740 shares during the last quarter. MetLife Investment Management LLC lifted its stake in AAON by 55.6% in the first quarter. MetLife Investment Management LLC now owns 22,269 shares of the construction company’s stock valued at $1,241,000 after acquiring an additional 7,960 shares during the last quarter. Rhumbline Advisers lifted its stake in AAON by 3.2% in the first quarter. Rhumbline Advisers now owns 122,265 shares of the construction company’s stock valued at $6,814,000 after acquiring an additional 3,737 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in AAON by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,706 shares of the construction company’s stock valued at $1,990,000 after acquiring an additional 4,402 shares during the last quarter. 70.08% of the stock is currently owned by institutional investors and hedge funds.

AAON Price Performance

NASDAQ:AAON opened at $73.27 on Monday. The stock has a market cap of $3.90 billion, a P/E ratio of 58.62 and a beta of 0.81. AAON, Inc. has a one year low of $47.50 and a one year high of $83.00. The company has a fifty day moving average price of $77.12 and a 200 day moving average price of $65.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.36 and a quick ratio of 1.12.

AAON (NASDAQ:AAONGet Rating) last released its earnings results on Monday, November 7th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. The firm had revenue of $242.61 million during the quarter. AAON had a net margin of 8.78% and a return on equity of 14.48%. Analysts anticipate that AAON, Inc. will post 1.7 earnings per share for the current year.

AAON Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were paid a dividend of $0.24 per share. This is a boost from AAON’s previous Semi-Annual dividend of $0.19. This represents a yield of 0.6%. The ex-dividend date was Friday, November 25th. AAON’s dividend payout ratio is presently 38.40%.

Insider Activity at AAON

In other AAON news, CFO Rebecca Thompson sold 15,500 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total value of $1,240,775.00. Following the sale, the chief financial officer now owns 9,877 shares of the company’s stock, valued at approximately $790,653.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other AAON news, VP Rony D. Gadiwalla sold 2,000 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $63.13, for a total value of $126,260.00. Following the sale, the vice president now owns 20,726 shares of the company’s stock, valued at approximately $1,308,432.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rebecca Thompson sold 15,500 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $80.05, for a total transaction of $1,240,775.00. Following the completion of the sale, the chief financial officer now directly owns 9,877 shares in the company, valued at approximately $790,653.85. The disclosure for this sale can be found here. Insiders sold a total of 27,219 shares of company stock worth $2,129,391 in the last ninety days. 19.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AAON has been the subject of a number of analyst reports. TheStreet upgraded shares of AAON from a “c+” rating to a “b” rating in a research note on Wednesday, November 9th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, November 19th. Finally, DA Davidson boosted their price objective on shares of AAON to $75.00 in a research note on Tuesday, November 15th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.33.

AAON Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for AAON (NASDAQ:AAON)

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