Bamco Inc. NY Cuts Stock Position in AAON, Inc. (NASDAQ:AAON)

Bamco Inc. NY cut its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,959 shares of the construction company's stock after selling 53,930 shares during the period. Bamco Inc. NY owned approximately 0.20% of AAON worth $17,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its position in AAON by 106.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company's stock valued at $95,010,000 after buying an additional 561,195 shares during the period. Wasatch Advisors LP grew its stake in shares of AAON by 39.1% in the third quarter. Wasatch Advisors LP now owns 1,866,746 shares of the construction company's stock worth $201,310,000 after purchasing an additional 525,132 shares during the last quarter. Blair William & Co. IL purchased a new position in AAON during the 2nd quarter valued at about $44,934,000. Millennium Management LLC raised its position in AAON by 212.3% during the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company's stock valued at $57,278,000 after purchasing an additional 446,344 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in AAON by 552.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company's stock worth $30,541,000 after buying an additional 296,423 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the completion of the sale, the chief executive officer now owns 64,295 shares of the company's stock, valued at approximately $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. This trade represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,967 shares of company stock worth $6,271,357. 18.55% of the stock is owned by insiders.

AAON Stock Down 0.1 %

Shares of NASDAQ AAON traded down $0.08 during trading on Tuesday, reaching $132.21. The company had a trading volume of 77,138 shares, compared to its average volume of 594,765. The business's 50-day moving average is $119.22 and its 200 day moving average is $97.53. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.75 billion, a PE ratio of 58.28 and a beta of 0.83. AAON, Inc. has a 12-month low of $62.01 and a 12-month high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share 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 24.98%. The company had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same period in the previous year, the business earned $0.64 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $0.08 per share. The ex-dividend date 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 (DPR) 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.