AAON, Inc. (NASDAQ:AAON) Stock Holdings Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 278.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,308 shares of the construction company's stock after acquiring an additional 4,642 shares during the quarter. Tower Research Capital LLC TRC's holdings in AAON were worth $742,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAON. Mather Group LLC. grew its position in AAON by 521.6% in the 4th quarter. Mather Group LLC. now owns 230 shares of the construction company's stock valued at $27,000 after buying an additional 193 shares in the last quarter. Twin Tree Management LP bought a new position in shares of AAON in the fourth quarter valued at approximately $33,000. UMB Bank n.a. increased 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 valued at $38,000 after acquiring an additional 131 shares during the period. Westside Investment Management Inc. bought a new stake in AAON during the third quarter worth approximately $36,000. Finally, Empowered Funds LLC acquired a new stake in AAON in the fourth quarter worth approximately $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON stock opened at $87.94 on Friday. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07. The firm has a 50-day moving average of $83.24 and a two-hundred day moving average of $109.08. The firm has a market capitalization of $7.15 billion, a PE ratio of 38.74 and a beta of 0.96. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

AAON Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, March 18th. This is an increase from AAON's previous quarterly dividend of $0.08. AAON's dividend payout ratio is 19.90%.

AAON announced that its Board of Directors has authorized a share buyback program on Tuesday, March 4th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director David Raymond Stewart acquired 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, for a total transaction of $80,860.00. Following the purchase, the director now owns 3,000 shares in the company, valued at $242,580. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.55% of the company's stock.

About AAON

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.

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