Aptus Capital Advisors LLC Purchases Shares of 21,184 AAON, Inc. (NASDAQ:AAON)

Aptus Capital Advisors LLC purchased a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,184 shares of the construction company's stock, valued at approximately $2,284,000.

Several other hedge funds have also added to or reduced their stakes in AAON. SG Americas Securities LLC acquired a new stake in shares of AAON during the 1st quarter worth approximately $212,000. Sei Investments Co. lifted its stake in shares of AAON by 2.1% in the first quarter. Sei Investments Co. now owns 146,519 shares of the construction company's stock worth $12,908,000 after acquiring an additional 2,985 shares during the period. Russell Investments Group Ltd. increased its position in shares of AAON by 3.1% during the first quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company's stock worth $3,156,000 after buying an additional 1,090 shares during the period. ProShare Advisors LLC raised its position in shares of AAON by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,656 shares of the construction company's stock worth $1,203,000 after acquiring an additional 940 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in AAON in the first quarter worth $423,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Price Performance

AAON traded down $1.45 during trading hours on Thursday, hitting $133.18. The company's stock had a trading volume of 455,132 shares, compared to its average volume of 602,853. The business's 50-day moving average price is $108.85 and its 200-day moving average price is $92.56. 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, Inc. has a 12 month low of $61.09 and a 12 month high of $144.07. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 59.31 and a beta of 0.79.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $315.80 million. During the same period in the prior year, the business earned $0.64 EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

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 payout ratio is 14.10%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other AAON news, VP Casey Kidwell sold 4,796 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were 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 owns 4,953 shares in the company, valued at $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.55% of the stock is owned by company insiders.

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.