American Century Companies Inc. Has $8.09 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

American Century Companies Inc. lifted its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,760 shares of the construction company's stock after acquiring an additional 11,140 shares during the quarter. American Century Companies Inc. owned approximately 0.08% of AAON worth $8,092,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mather Group LLC. raised its holdings in AAON by 521.6% during the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of AAON during the fourth quarter worth approximately $33,000. UMB Bank n.a. raised its stake in shares of AAON by 67.5% during the fourth quarter. UMB Bank n.a. now owns 325 shares of the construction company's stock worth $38,000 after buying an additional 131 shares during the last quarter. Westside Investment Management Inc. acquired a new position in AAON in the third quarter valued at approximately $36,000. Finally, Empowered Funds LLC bought a new position in AAON in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson dropped their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 28th. CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Friday, February 28th. Robert W. Baird cut their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, StockNews.com lowered AAON from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

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Insider Buying and Selling at AAON

In other news, Director David Raymond Stewart purchased 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the purchase, the director now directly owns 3,000 shares of the company's stock, valued at $242,580. This trade represents a 50.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 18.55% of the company's stock.

AAON Stock Down 2.1 %

Shares of NASDAQ AAON traded down $1.53 during mid-day trading on Tuesday, reaching $73.00. 962,882 shares of the company's stock were exchanged, compared to its average volume of 716,197. AAON, Inc. has a twelve month low of $68.98 and a twelve month high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 32.16 and a beta of 0.96. The business has a fifty day simple moving average of $91.96 and a 200 day simple moving average of $111.56.

AAON Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.10 per share. This is an increase from AAON's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, March 18th. AAON's dividend payout ratio (DPR) is 19.90%.

AAON announced that its board has approved a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $30.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

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.