AAON, Inc. (NASDAQ:AAON) Shares Acquired by Geneva Capital Management LLC

Geneva Capital Management LLC increased its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,698,207 shares of the construction company's stock after purchasing an additional 24,384 shares during the quarter. AAON makes up approximately 3.1% of Geneva Capital Management LLC's portfolio, making the stock its 5th largest position. Geneva Capital Management LLC owned about 2.10% of AAON worth $183,135,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in AAON by 99.6% during the first quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company's stock worth $1,520,000 after acquiring an additional 8,613 shares during the period. GSA Capital Partners LLP bought a new stake in shares of AAON in the 1st quarter worth about $429,000. SG Americas Securities LLC acquired a new stake in shares of AAON during the 1st quarter worth about $212,000. Sei Investments Co. increased its position in shares of AAON by 2.1% during the 1st quarter. Sei Investments Co. now owns 146,519 shares of the construction company's stock worth $12,908,000 after purchasing an additional 2,985 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of AAON by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company's stock worth $3,156,000 after purchasing an additional 1,090 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on AAON shares. StockNews.com raised shares of 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 target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson raised their target price on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird raised their target price on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Baird R W raised shares of AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $133.00.

AAON Stock Down 3.2 %

Shares of NASDAQ:AAON traded down $4.54 during midday trading on Tuesday, hitting $136.21. The stock had a trading volume of 120,625 shares, compared to its average volume of 602,440. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The business's 50-day simple moving average is $106.97 and its 200-day simple moving average is $91.93. AAON, Inc. has a 12 month low of $57.56 and a 12 month high of $144.07. The company has a market cap of $11.03 billion, a P/E ratio of 62.00 and a beta of 0.79.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. AAON had a net margin of 15.78% and a return on equity of 25.34%. The firm had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. During the same period in the previous year, the business 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, sell-side analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. AAON's payout ratio is presently 14.10%.

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.

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