Victory Capital Management Inc. Has $37.16 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Victory Capital Management Inc. boosted its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 75.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 344,620 shares of the construction company's stock after purchasing an additional 148,507 shares during the period. Victory Capital Management Inc. owned about 0.43% of AAON worth $37,164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC acquired a new position in shares of AAON during the 3rd quarter worth approximately $2,284,000. Crossmark Global Holdings Inc. increased its holdings in shares of AAON by 8.6% in the third quarter. Crossmark Global Holdings Inc. now owns 4,672 shares of the construction company's stock valued at $504,000 after purchasing an additional 369 shares during the last quarter. Colonial River Investments LLC bought a new position in shares of AAON in the third quarter valued at about $363,000. Axxcess Wealth Management LLC acquired a new stake in shares of AAON during the 3rd quarter worth about $361,000. Finally, Equitable Trust Co. bought a new stake in shares of AAON during the 3rd quarter worth about $238,000. Institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AAON shares. DA Davidson increased their price target on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Sidoti cut AAON from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AAON currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.00.

Insider Transactions at AAON

In related news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.55% of the stock is owned by insiders.

AAON Price Performance

Shares of NASDAQ AAON traded up $0.28 during mid-day trading on Friday, reaching $133.46. The company had a trading volume of 530,178 shares, compared to its average volume of 451,585. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The business's 50-day simple moving average is $110.69 and its 200 day simple moving average is $93.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. On average, research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. AAON's payout ratio is 14.10%.

AAON Company Profile

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.