Dimensional Fund Advisors LP Grows Holdings in AAON, Inc. (NASDAQ:AAON)

Dimensional Fund Advisors LP grew its stake in AAON, Inc. (NASDAQ:AAON – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343,538 shares of the construction company’s stock after buying an additional 4,378 shares during the period. Dimensional Fund Advisors LP’s holdings in AAON were worth $101,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAON. Strs Ohio purchased a new position in AAON in the 3rd quarter worth approximately $32,000. Bessemer Group Inc. boosted its stake in shares of AAON by 39.7% in the 3rd quarter. Bessemer Group Inc. now owns 598 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Group One Trading L.P. purchased a new stake in shares of AAON in the 1st quarter valued at $39,000. Lazard Asset Management LLC purchased a new stake in shares of AAON in the 1st quarter valued at $53,000. Finally, Cowa LLC purchased a new stake in shares of AAON in the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 70.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. CJS Securities cut shares of AAON from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 28th. StockNews.com started coverage on shares of AAON in a research report on Thursday. They issued a “hold” rating for the company. Finally, DA Davidson raised their target price on shares of AAON from $100.00 to $115.00 in a research report on Friday, May 5th.

AAON Stock Down 0.1 %

NASDAQ:AAON opened at $91.42 on Monday. The firm has a market cap of $4.96 billion, a P/E ratio of 41.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.34 and a current ratio of 2.79. AAON, Inc. has a fifty-two week low of $48.97 and a fifty-two week high of $104.32. The firm has a 50-day simple moving average of $94.76 and a two-hundred day simple moving average of $84.09.

AAON (NASDAQ:AAON – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $265.95 million during the quarter, compared to analyst estimates of $248.28 million. AAON had a net margin of 12.26% and a return on equity of 21.81%. AAON’s revenue was up 45.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. Analysts predict that AAON, Inc. will post 2.84 earnings per share for the current fiscal year.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.12 per share. This is a positive change from AAON’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Thursday, June 8th. AAON’s dividend payout ratio (DPR) is currently 10.96%.

Insider Buying and Selling at AAON

In other news, VP Gordon Douglas Wichman sold 5,620 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $92.87, for a total transaction of $521,929.40. Following the sale, the vice president now owns 3,992 shares of the company’s stock, valued at approximately $370,737.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Casey Kidwell sold 1,607 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $92.63, for a total value of $148,856.41. Following the transaction, the vice president now owns 2,616 shares of the company’s stock, valued at $242,320.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gordon Douglas Wichman sold 5,620 shares of AAON stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $92.87, for a total transaction of $521,929.40. Following the transaction, the vice president now directly owns 3,992 shares in the company, valued at approximately $370,737.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,731 shares of company stock worth $719,694. 19.16% of the stock is owned by corporate insiders.

AAON Profile

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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.