5,228 Shares in AAON, Inc. (NASDAQ:AAON) Purchased by Highland Capital Management LLC

Highland Capital Management LLC acquired a new stake in shares of AAON, Inc. (NASDAQ:AAON - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,228 shares of the construction company's stock, valued at approximately $615,000.

A number of other large investors also recently modified their holdings of AAON. Avior Wealth Management LLC raised its stake in shares of AAON by 5,040.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,416 shares of the construction company's stock worth $284,000 after acquiring an additional 2,369 shares in the last quarter. SG Americas Securities LLC raised its position in AAON by 691.1% in the 4th quarter. SG Americas Securities LLC now owns 24,666 shares of the construction company's stock worth $2,903,000 after purchasing an additional 21,548 shares during the period. Lord Abbett & CO. LLC lifted its stake in AAON by 39.1% in the third quarter. Lord Abbett & CO. LLC now owns 288,581 shares of the construction company's stock worth $31,121,000 after purchasing an additional 81,111 shares during the last quarter. Wolverine Trading LLC bought a new position in shares of AAON during the third quarter valued at about $471,000. Finally, Caldwell Investment Management Ltd. purchased a new position in shares of AAON in the fourth quarter worth about $1,099,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Down 3.2 %

Shares of AAON stock traded down $3.70 during midday trading on Tuesday, reaching $111.40. 404,485 shares of the company's stock traded hands, compared to its average volume of 718,831. The stock has a 50 day moving average of $126.31 and a 200-day moving average of $111.71. AAON, Inc. has a 12 month low of $70.28 and a 12 month high of $144.07. 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 company has a market cap of $9.05 billion, a PE ratio of 49.07 and a beta of 0.87.

AAON (NASDAQ:AAON - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business had revenue of $327.25 million during the quarter, compared to analyst estimates of $315.80 million. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, equities analysts expect that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Friday, November 29th. AAON's dividend payout ratio is presently 14.10%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AAON shares. Robert W. Baird increased their target price on AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Sidoti cut shares of AAON from a "buy" rating to a "neutral" rating and raised their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Baird R W upgraded shares of AAON from a "hold" rating to a "strong-buy" rating in a report on Monday, October 28th. Finally, DA Davidson raised their price target on shares of AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. 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's stock. According to data from MarketBeat.com, AAON currently has an average rating of "Moderate Buy" and an average target price of $133.00.

Insider Activity at AAON

In related news, CEO Gary D. Fields sold 35,000 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Casey Kidwell sold 4,796 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value of $654,078.48. Following the transaction, the vice president now owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This trade represents a 49.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,329 shares of company stock valued at $7,663,726. 18.55% of the stock is owned by corporate insiders.

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.