B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 11,914 AAON, Inc. (NASDAQ:AAON)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,914 shares of the construction company's stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAON. Blue Trust Inc. raised its holdings in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. ORG Partners LLC acquired a new stake in AAON in the second quarter valued at $29,000. ORG Wealth Partners LLC purchased a new stake in AAON during the 3rd quarter worth about $37,000. Crewe Advisors LLC purchased a new position in shares of AAON in the 2nd quarter valued at about $35,000. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% during the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Trading Up 1.4 %

Shares of NASDAQ:AAON traded up $1.86 during midday trading on Friday, reaching $137.42. The company's stock had a trading volume of 564,509 shares, compared to its average volume of 510,125. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 60.54 and a beta of 0.79. The business has a 50 day moving average price of $114.92 and a 200 day moving average price of $94.74. AAON, Inc. has a 1 year low of $61.09 and a 1 year high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

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 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 business had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same period in the prior year, the firm posted $0.64 EPS. The company's revenue was up 4.9% on a year-over-year basis. Research analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 29th. AAON's dividend payout ratio (DPR) is currently 14.10%.

Analyst Ratings Changes

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

Insider Activity at AAON

In other news, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the sale, the chief executive officer now owns 64,295 shares in the company, valued at $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $135.14, for a total value of $192,033.94. Following the completion of the transaction, the vice president now directly owns 4,953 shares of the company's stock, valued at $669,348.42. This represents a 22.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,217 shares of company stock worth $5,467,162. 18.55% of the stock is owned by insiders.

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.