Intech Investment Management LLC Acquires Shares of 4,982 AAON, Inc. (NASDAQ:AAON)

Intech Investment Management LLC bought a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,982 shares of the construction company's stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAON. Blue Trust Inc. raised its stake in AAON by 202.0% in the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock valued at $32,000 after buying an additional 198 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of AAON during the 2nd quarter valued at about $29,000. ORG Wealth Partners LLC acquired a new stake in shares of AAON in the 3rd quarter valued at about $37,000. Crewe Advisors LLC bought a new position in shares of AAON during the second quarter worth about $35,000. Finally, Signaturefd LLC raised its stake in shares of AAON by 63.5% in the 2nd quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $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.

Analyst Ratings Changes

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

AAON Trading Down 3.0 %

AAON traded down $4.05 during trading hours on Monday, reaching $132.29. 336,229 shares of the company's stock traded hands, compared to its average volume of 597,013. AAON, Inc. has a 52-week low of $62.01 and a 52-week high of $144.07. The firm has a market capitalization of $10.75 billion, a PE ratio of 59.24 and a beta of 0.79. The firm has a 50-day moving average price of $118.73 and a 200 day moving average price of $97.12. 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 announced its earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. As a group, sell-side analysts predict that AAON, Inc. will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is currently 14.10%.

Insider Activity

In other news, VP Casey Kidwell sold 4,796 shares of the stock in a transaction 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 in the company, valued at $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary D. Fields sold 35,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 46,967 shares of company stock valued at $6,271,357 over the last 90 days. 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.