AAON, Inc. (NASDAQ:AAON) Shares Acquired by Fmr LLC

FMR LLC increased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,729,498 shares of the construction company's stock after buying an additional 151,540 shares during the quarter. FMR LLC owned 2.13% of AAON worth $186,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAON. Amalgamated Bank grew its position in shares of AAON by 65.2% in the 2nd quarter. Amalgamated Bank now owns 35,367 shares of the construction company's stock valued at $3,085,000 after acquiring an additional 13,964 shares during the period. Geneva Capital Management LLC increased its position in shares of AAON by 1.5% in the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock worth $183,135,000 after purchasing an additional 24,384 shares during the period. Swedbank AB bought a new stake in shares of AAON during the 2nd quarter worth approximately $14,569,000. Raymond James & Associates grew its position in AAON by 3.4% in the third quarter. Raymond James & Associates now owns 142,930 shares of the construction company's stock valued at $15,414,000 after acquiring an additional 4,709 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in AAON by 122.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company's stock worth $1,777,000 after purchasing an additional 9,063 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Activity at AAON

In other AAON news, CEO Gary D. Fields sold 35,000 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the transaction, the chief executive officer now owns 64,295 shares of the company's stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Casey Kidwell sold 1,421 shares of the stock in a transaction dated 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 directly owns 4,953 shares in the company, valued at $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,967 shares of company stock worth $6,271,357 over the last three months. 18.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on AAON shares. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research report on Friday, September 20th. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and raised their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird lifted their target price 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. Finally, Baird R W upgraded shares of 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $133.00.

AAON Stock Up 0.5 %

Shares of AAON traded up $0.72 during mid-day trading on Tuesday, reaching $133.01. The company had a trading volume of 143,271 shares, compared to its average volume of 595,033. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 58.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 52 week low of $62.01 and a 52 week high of $144.07. The firm has a 50-day moving average price of $119.22 and a 200 day moving average price of $97.53.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, sell-side analysts forecast that AAON, Inc. will post 2.26 EPS for the current year.

AAON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be issued 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 payout ratio is currently 14.10%.

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.