M&T Bank Corp Buys 13,065 Shares of AAON, Inc. (NASDAQ:AAON)

M&T Bank Corp grew its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 58.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,592 shares of the construction company's stock after buying an additional 13,065 shares during the period. M&T Bank Corp's holdings in AAON were worth $3,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of AAON by 202.0% during the 3rd 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 period. ORG Partners LLC bought a new position in AAON in the second quarter worth $29,000. ORG Wealth Partners LLC bought a new position in AAON in the third quarter worth $37,000. Crewe Advisors LLC purchased a new position in AAON during the second quarter valued at $35,000. Finally, Signaturefd LLC boosted its holdings in shares of AAON by 63.5% during 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 own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AAON

In related news, VP Casey Kidwell sold 4,796 shares of AAON 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 of the company's stock, valued at $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Rebecca Thompson sold 5,000 shares of the stock in a transaction dated 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 directly owns 17,297 shares in the company, valued at approximately $2,386,986. This represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,967 shares of company stock worth $6,961,357 over the last three months. 18.55% of the stock is currently owned by company insiders.

AAON Stock Up 0.0 %

Shares of AAON traded up $0.05 on Friday, hitting $131.32. 358,082 shares of the stock traded hands, compared to its average volume of 589,026. AAON, Inc. has a one year low of $67.99 and a one year high of $144.07. The company has a market capitalization of $10.67 billion, a PE ratio of 57.85 and a beta of 0.83. The business has a 50 day simple moving average of $123.82 and a 200 day simple moving average of $100.76. 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 (NASDAQ:AAON - Get Free Report) last posted 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. AAON had a return on equity of 24.98% and a net margin of 15.78%. The firm had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company's revenue was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON's payout ratio is presently 14.10%.

About AAON

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.