Impax Asset Management Group plc decreased its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,000 shares of the construction company's stock after selling 35,000 shares during the period. Impax Asset Management Group plc owned approximately 0.07% of AAON worth $5,931,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AAON. ORG Partners LLC bought a new position in AAON during the 2nd quarter worth approximately $29,000. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Crewe Advisors LLC bought a new position in shares of AAON during the second quarter worth $35,000. ORG Wealth Partners LLC acquired a new position in shares of AAON in the 3rd quarter valued at $37,000. Finally, Signaturefd LLC increased its position in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock valued at $53,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
AAON Stock Up 0.2 %
Shares of NASDAQ:AAON traded up $0.28 during mid-day trading on Friday, reaching $133.46. 530,178 shares of the stock were exchanged, compared to its average volume of 602,615. The stock's 50 day simple moving average is $110.69 and its 200-day simple moving average is $93.12. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The company has a market cap of $10.85 billion, a P/E ratio of 58.79 and a beta of 0.79. The company has a quick ratio of 1.79, a current ratio of 3.06 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 for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. As a group, equities research analysts predict that AAON, Inc. will post 2.26 EPS for the current year.
AAON Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.24%. AAON's payout ratio is currently 14.10%.
Insiders Place Their Bets
In other news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 18.55% of the company's stock.
Wall Street Analysts Forecast Growth
AAON has been the topic of several recent analyst reports. Sidoti lowered AAON from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on shares of AAON from $130.00 to $138.00 and gave the stock an "outperform" rating in a 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 given a strong buy rating to the company's stock. According to data from MarketBeat, AAON currently has an average rating of "Moderate Buy" and an average price target of $133.00.
Get Our Latest Stock Analysis on AAON
AAON Company Profile
(
Free Report)
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.
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