Amalgamated Bank Boosts Stock Holdings in AAON, Inc. (NASDAQ:AAON)

Amalgamated Bank grew its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 65.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,367 shares of the construction company's stock after acquiring an additional 13,964 shares during the quarter. Amalgamated Bank's holdings in AAON were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of AAON by 121.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,645 shares of the construction company's stock valued at $639,000 after buying an additional 4,743 shares in the last quarter. Norges Bank purchased a new stake in AAON during the fourth quarter valued at approximately $43,832,000. Advisory Services Network LLC bought a new stake in shares of AAON in the 4th quarter valued at approximately $234,000. TD Asset Management Inc bought a new stake in shares of AAON in the 4th quarter valued at approximately $1,748,000. Finally, TFO Wealth Partners LLC purchased a new position in shares of AAON in the 4th quarter worth approximately $27,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AAON shares. DA Davidson restated a "buy" rating and issued a $102.00 target price on shares of AAON in a report on Wednesday, June 26th. Robert W. Baird boosted their target price on shares of AAON from $100.00 to $102.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Baird R W upgraded shares of AAON to a "hold" rating in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of AAON from a "sell" rating to a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, AAON currently has a consensus rating of "Hold" and an average price target of $102.00.

AAON Stock Down 0.4 %

Shares of AAON traded down $0.43 during midday trading on Tuesday, reaching $107.39. 612,738 shares of the stock were exchanged, compared to its average volume of 645,545. AAON, Inc. has a 52 week low of $52.24 and a 52 week high of $108.71. The company's 50 day moving average is $90.76 and its two-hundred day moving average is $85.46. The company has a market capitalization of $8.83 billion, a P/E ratio of 50.15 and a beta of 0.80. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12.

AAON (NASDAQ:AAON - Get Free Report) last posted its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. AAON had a return on equity of 26.02% and a net margin of 15.60%. The company had revenue of $313.57 million during the quarter, compared to analyst estimates of $283.77 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. AAON's revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that AAON, Inc. will post 2.29 earnings per share for the current year.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. AAON's payout ratio is currently 14.88%.

Insider Buying and Selling at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $90.13, for a total transaction of $2,699,032.98. Following the completion of the sale, the vice president now directly owns 15,670 shares in the company, valued at approximately $1,412,337.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 29,946 shares of the company's stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $90.13, for a total value of $2,699,032.98. Following the transaction, the vice president now directly owns 15,670 shares of the company's stock, valued at $1,412,337.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,609 shares of company stock worth $5,441,927. 18.55% of the stock is currently owned by 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.