Capital Impact Advisors LLC Acquires 935 Shares of AAON, Inc. (NASDAQ:AAON)

Capital Impact Advisors LLC lifted its holdings in shares of AAON, Inc. (NASDAQ:AAON – Get Rating) by 8.5% in the third quarter, Holdings Channel.com reports. The fund owned 11,946 shares of the construction company’s stock after purchasing an additional 935 shares during the period. AAON comprises approximately 0.9% of Capital Impact Advisors LLC’s portfolio, making the stock its 14th largest holding. Capital Impact Advisors LLC’s holdings in AAON were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of AAON by 3.5% during the second quarter. LPL Financial LLC now owns 4,995 shares of the construction company’s stock valued at $274,000 after acquiring an additional 168 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of AAON by 39.7% during the third quarter. Bessemer Group Inc. now owns 598 shares of the construction company’s stock valued at $32,000 after acquiring an additional 170 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of AAON by 1.5% during the third quarter. Arizona State Retirement System now owns 11,538 shares of the construction company’s stock valued at $622,000 after acquiring an additional 172 shares in the last quarter. Amalgamated Bank raised its holdings in shares of AAON by 1.0% during the third quarter. Amalgamated Bank now owns 20,695 shares of the construction company’s stock valued at $1,115,000 after acquiring an additional 212 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in AAON by 1.4% in the third quarter. Maryland State Retirement & Pension System now owns 17,173 shares of the construction company’s stock worth $925,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 70.08% of the company’s stock.

AAON Trading Up 3.9 %

NASDAQ AAON opened at $91.77 on Friday. AAON, Inc. has a 12 month low of $47.50 and a 12 month high of $94.45. The stock has a market cap of $4.91 billion, a P/E ratio of 49.61 and a beta of 0.78. The stock’s fifty day moving average price is $80.70 and its 200-day moving average price is $71.58. The company has a current ratio of 2.40, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

AAON (NASDAQ:AAON – Get Rating) last released its earnings results on Monday, February 27th. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. AAON had a return on equity of 19.54% and a net margin of 11.29%. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $240.28 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 86.8% on a year-over-year basis. As a group, equities analysts forecast that AAON, Inc. will post 2.68 EPS for the current fiscal year.

AAON Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 10th. This represents a dividend yield of 0.5%. AAON’s dividend payout ratio is currently 12.97%.

Insider Transactions at AAON

In related news, COO Stephen E. Wakefield bought 516 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $89.30 per share, with a total value of $46,078.80. Following the completion of the purchase, the chief operating officer now owns 9,121 shares in the company, valued at approximately $814,505.30. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Casey Kidwell sold 1,607 shares of the stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $92.63, for a total transaction of $148,856.41. Following the sale, the vice president now directly owns 2,616 shares of the company’s stock, valued at $242,320.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen E. Wakefield acquired 516 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average cost of $89.30 per share, for a total transaction of $46,078.80. Following the completion of the transaction, the chief operating officer now directly owns 9,121 shares of the company’s stock, valued at $814,505.30. The disclosure for this purchase can be found here. Insiders own 19.27% of the company’s stock.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of research reports. CJS Securities downgraded AAON from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 28th. DA Davidson increased their price objective on AAON from $75.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Finally, StockNews.com initiated coverage on AAON in a report on Thursday. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

About AAON

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AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.