Erste Asset Management GmbH Takes $8 Million Position in AAON, Inc. (NASDAQ:AAON)

Erste Asset Management GmbH acquired a new position in AAON, Inc. (NASDAQ:AAON - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 74,420 shares of the construction company's stock, valued at approximately $8,000,000. Erste Asset Management GmbH owned 0.09% of AAON as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AAON. Janus Henderson Group PLC raised its stake in shares of AAON by 79.8% in the first quarter. Janus Henderson Group PLC now owns 58,898 shares of the construction company's stock worth $5,186,000 after buying an additional 26,141 shares during the period. Tidal Investments LLC grew its position in shares of AAON by 242.4% during the first quarter. Tidal Investments LLC now owns 15,428 shares of the construction company's stock worth $1,359,000 after purchasing an additional 10,922 shares in the last quarter. SG Americas Securities LLC grew its position in shares of AAON by 206.2% during the second quarter. SG Americas Securities LLC now owns 7,373 shares of the construction company's stock worth $643,000 after purchasing an additional 4,965 shares in the last quarter. Allied Investment Advisors LLC grew its position in shares of AAON by 263.1% during the second quarter. Allied Investment Advisors LLC now owns 120,192 shares of the construction company's stock worth $10,486,000 after purchasing an additional 87,092 shares in the last quarter. Finally, Mechanics Bank Trust Department purchased a new stake in shares of AAON during the second quarter worth about $309,000. Institutional investors own 70.81% of the company's stock.

Insider Buying and Selling at AAON

In other AAON news, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total transaction of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares of the company's stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of AAON stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the sale, the vice president now directly owns 9,920 shares of the company's stock, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,967 shares of company stock valued at $6,271,357 in the last ninety days. Corporate insiders own 18.55% of the company's stock.

Wall Street Analyst Weigh In

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

AAON Trading Down 1.3 %

Shares of AAON stock traded down $1.83 on Monday, reaching $134.51. 76,159 shares of the company's stock were exchanged, compared to its average volume of 595,857. AAON, Inc. has a 52 week low of $62.01 and a 52 week high of $144.07. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $10.93 billion, a PE ratio of 59.24 and a beta of 0.79. The company's fifty day simple moving average is $118.73 and its 200 day simple moving average is $97.12.

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. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. During the same period last year, the company earned $0.64 EPS. AAON's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON's dividend payout ratio (DPR) is presently 14.10%.

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.