Caldwell Investment Management Ltd. Takes $1.10 Million Position in AAON, Inc. (NASDAQ:AAON)

Caldwell Investment Management Ltd. bought a new position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,200 shares of the construction company's stock, valued at approximately $1,099,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after purchasing an additional 198 shares during the period. Westside Investment Management Inc. bought a new position in shares of AAON during the 3rd quarter worth approximately $36,000. ORG Wealth Partners LLC acquired a new position in shares of AAON during the 3rd quarter worth approximately $37,000. Wilmington Savings Fund Society FSB bought a new stake in AAON in the 3rd quarter valued at $43,000. Finally, Advisors Asset Management Inc. lifted its holdings in AAON by 208.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 730 shares of the construction company's stock valued at $79,000 after purchasing an additional 493 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

AAON Stock Performance

NASDAQ AAON traded up $1.84 during trading on Wednesday, reaching $129.95. The company's stock had a trading volume of 630,121 shares, compared to its average volume of 534,169. AAON, Inc. has a 12 month low of $68.38 and a 12 month high of $144.07. The firm has a 50 day moving average price of $128.74 and a 200 day moving average price of $108.07. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 57.25 and a beta of 0.87. 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 (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. As a group, equities analysts anticipate that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.25%. AAON's dividend payout ratio is 14.10%.

Insiders Place Their Bets

In other AAON news, VP Casey Kidwell sold 1,421 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $135.14, for a total value of $192,033.94. Following the sale, the vice president now owns 4,953 shares of the company's stock, valued at approximately $669,348.42. This trade represents a 22.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the transaction, the vice president now directly owns 4,558 shares of the company's stock, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,329 shares of company stock worth $7,663,726 over the last ninety days. Corporate insiders own 18.55% of the company's stock.

AAON Company 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.