Ascent Wealth Partners LLC Has $3.21 Million Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Ascent Wealth Partners LLC increased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 78.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,768 shares of the construction company's stock after purchasing an additional 13,076 shares during the quarter. Ascent Wealth Partners LLC's holdings in AAON were worth $3,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAON. Vaughan Nelson Investment Management L.P. increased its stake in AAON by 106.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company's stock worth $95,010,000 after purchasing an additional 561,195 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of AAON during the second quarter valued at approximately $44,934,000. Millennium Management LLC lifted its position in shares of AAON by 212.3% in the 2nd quarter. Millennium Management LLC now owns 656,552 shares of the construction company's stock valued at $57,278,000 after acquiring an additional 446,344 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in AAON by 552.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 350,082 shares of the construction company's stock worth $30,541,000 after purchasing an additional 296,423 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new stake in shares of AAON in the second quarter valued at $15,700,000. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Stock Down 1.0 %

AAON stock traded down $1.15 during mid-day trading on Thursday, hitting $119.10. 612,724 shares of the company's stock were exchanged, compared to its average volume of 604,010. AAON, Inc. has a 1-year low of $57.19 and a 1-year high of $122.97. The stock has a 50 day moving average of $104.70 and a two-hundred day moving average of $90.99. The stock has a market cap of $9.65 billion, a P/E ratio of 54.31 and a beta of 0.79. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. AAON's payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AAON shares. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Sidoti cut AAON from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird raised AAON from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $114.00 to $130.00 in a research note on Monday, October 28th. 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $114.33.

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.