Barclays PLC Raises Stock Position in AAON, Inc. (NASDAQ:AAON)

Barclays PLC lifted its stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,985 shares of the construction company's stock after acquiring an additional 29,513 shares during the quarter. Barclays PLC owned about 0.14% of AAON worth $13,414,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AAON. Mather Group LLC. grew its holdings 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 during the last quarter. Twin Tree Management LP acquired a new position in shares of AAON in the 4th quarter worth approximately $33,000. Westside Investment Management Inc. acquired a new stake in shares of AAON in the 3rd quarter valued at $36,000. UMB Bank n.a. increased its holdings 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 worth $38,000 after buying an additional 131 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in AAON by 28.4% in the fourth quarter. Blue Trust Inc. now owns 380 shares of the construction company's stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at AAON

In related news, Director David Raymond Stewart bought 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost 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 approximately $242,580. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.55% of the company's stock.

AAON Price Performance

AAON traded up $3.58 during trading on Thursday, reaching $85.64. The stock had a trading volume of 471,308 shares, compared to its average volume of 729,901. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock has a market cap of $6.99 billion, a PE ratio of 37.73 and a beta of 0.96. The business has a 50-day moving average of $84.94 and a 200-day moving average of $109.57. AAON, Inc. has a one year low of $68.98 and a one year high of $144.07.

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 dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This is a positive change from AAON's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. AAON's payout ratio is currently 19.90%.

AAON announced that its Board of Directors has approved a share buyback plan on Tuesday, March 4th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the construction company to purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.