AAON, Inc. (NASDAQ:AAON) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in AAON, Inc. (NASDAQ:AAON - Free Report) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,260,526 shares of the construction company's stock after purchasing an additional 150,207 shares during the quarter. JPMorgan Chase & Co. owned about 4.01% of AAON worth $351,615,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AAON. Blue Trust Inc. increased its stake in 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 acquiring an additional 198 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of AAON during the third quarter worth about $36,000. ORG Wealth Partners LLC acquired a new position in shares of AAON during the third quarter worth about $37,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of AAON in the third quarter worth about $43,000. Finally, Signaturefd LLC grew its stake in shares of AAON by 63.5% in the second 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. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now owns 9,920 shares in the company, valued at $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the transaction, the chief financial officer now owns 17,297 shares of the company's stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,329 shares of company stock valued at $7,663,726 in the last quarter. Insiders own 18.55% of the company's stock.

AAON Stock Down 1.5 %

Shares of NASDAQ:AAON traded down $1.77 during midday trading on Monday, reaching $119.65. The company had a trading volume of 365,780 shares, compared to its average volume of 583,230. The stock has a market capitalization of $9.73 billion, a P/E ratio of 52.71 and a beta of 0.83. The stock's fifty day moving average price is $126.94 and its 200-day moving average price is $105.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a one year low of $68.38 and a one year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its 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 the consensus estimate of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The company's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts expect that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 29th. AAON's payout ratio is currently 14.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com upgraded AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Sidoti downgraded shares of AAON from a "buy" rating to a "neutral" rating and upped their target price for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. DA Davidson raised their price target on shares of AAON from $102.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Robert W. Baird boosted their price objective 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 AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Two 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 company's stock. According to MarketBeat, AAON currently has an average rating of "Moderate Buy" and an average target price of $133.00.

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.