Atria Investments Inc Trims Stock Position in AAON, Inc. (NASDAQ:AAON)

Atria Investments Inc decreased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 27.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,774 shares of the construction company's stock after selling 5,118 shares during the period. Atria Investments Inc's holdings in AAON were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAON. Blue Trust Inc. lifted its holdings in shares of AAON by 202.0% in the 3rd quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after buying an additional 198 shares during the period. ORG Partners LLC purchased a new position in AAON during the 2nd quarter valued at about $29,000. ORG Wealth Partners LLC bought a new stake in shares of AAON in the 3rd quarter valued at about $37,000. Crewe Advisors LLC bought a new position in shares of AAON during the second quarter valued at approximately $35,000. Finally, Signaturefd LLC increased its holdings in AAON by 63.5% during the second quarter. Signaturefd LLC now owns 613 shares of the construction company's stock valued at $53,000 after buying an additional 238 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other AAON news, VP Casey Kidwell sold 4,796 shares of the firm's 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 completion of the transaction, the vice president now directly owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 18.55% of the stock is currently owned by insiders.

AAON Stock Up 0.2 %

Shares of AAON stock traded up $0.28 during trading hours on Friday, reaching $133.46. 530,178 shares of the company's stock were exchanged, compared to its average volume of 602,615. AAON, Inc. has a 1 year low of $61.09 and a 1 year 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 stock has a market cap of $10.85 billion, a PE ratio of 58.79 and a beta of 0.79. The stock's fifty day moving average price is $110.69 and its two-hundred day moving average price is $93.11.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business 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%. AAON's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. Research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. AAON's dividend payout ratio is currently 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.