Blair William & Co. IL Buys 47,254 Shares of AAON, Inc. (NASDAQ:AAON)

Blair William & Co. IL raised its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,169,782 shares of the construction company's stock after purchasing an additional 47,254 shares during the quarter. Blair William & Co. IL owned 1.44% of AAON worth $137,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AAON. Mather Group LLC. boosted 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 acquiring an additional 193 shares during the last quarter. Twin Tree Management LP bought a new position in shares of AAON during the fourth quarter valued at about $33,000. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 131 shares during the last quarter. Westside Investment Management Inc. bought a new stake in AAON in the 3rd quarter worth about $36,000. Finally, Empowered Funds LLC purchased a new stake in AAON in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

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

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AAON Price Performance

NASDAQ AAON traded down $0.89 during trading hours on Monday, hitting $77.19. The company had a trading volume of 151,737 shares, compared to its average volume of 703,003. The firm has a 50 day simple moving average of $99.75 and a 200 day simple moving average of $112.70. AAON, Inc. has a 52 week low of $69.52 and a 52 week high of $144.07. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 34.04 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.40 annualized dividend and a yield of 0.52%. This is a boost from AAON's previous quarterly dividend of $0.08. AAON's payout ratio is currently 19.90%.

AAON declared that its board has authorized a stock buyback program on Tuesday, March 4th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other AAON news, Director David Raymond Stewart purchased 1,000 shares of the 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 acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. The trade was a 50.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.55% of the company's stock.

AAON 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.