Allied Investment Advisors LLC Has $15.98 Million Stock Position in AAON, Inc. (NASDAQ:AAON)

Allied Investment Advisors LLC boosted its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 23.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,198 shares of the construction company's stock after purchasing an additional 28,006 shares during the quarter. AAON comprises about 3.2% of Allied Investment Advisors LLC's holdings, making the stock its 7th largest position. Allied Investment Advisors LLC owned 0.18% of AAON worth $15,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC acquired a new position in AAON in the fourth quarter valued at $27,000. ORG Partners LLC acquired a new position in shares of AAON during the 2nd quarter valued at about $29,000. Crewe Advisors LLC purchased a new position in shares of AAON during the 2nd quarter worth about $35,000. Signaturefd LLC boosted its position in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after acquiring an additional 238 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company's stock valued at $61,000 after purchasing an additional 181 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a "buy" rating and set a $102.00 price target on shares of AAON in a research note on Wednesday, June 26th. Robert W. Baird upped their price target on AAON from $100.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. StockNews.com raised AAON from a "sell" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Baird R W upgraded AAON to a "hold" rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $102.00.

AAON Stock Up 0.5 %

Shares of NASDAQ:AAON traded up $0.52 during midday trading on Friday, hitting $107.71. 211,057 shares of the company's stock traded hands, compared to its average volume of 631,819. The firm's fifty day moving average price is $94.19 and its two-hundred day moving average price is $87.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. AAON, Inc. has a twelve month low of $52.24 and a twelve month high of $109.46. The company has a market cap of $8.85 billion, a PE ratio of 50.10 and a beta of 0.80.

AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $283.77 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company's revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that AAON, Inc. will post 2.29 EPS for the current fiscal year.

AAON Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.30%. AAON's dividend payout ratio is presently 14.88%.

Insider Transactions at AAON

In other news, VP Stephen E. Wakefield sold 29,946 shares of the firm's stock in a transaction dated Friday, July 12th. The shares were 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 in the company, valued at approximately $1,412,337.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction 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 sale, the vice president now directly owns 15,670 shares of the company's stock, valued at $1,412,337.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary D. Fields sold 20,641 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at $5,542,871.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,609 shares of company stock valued at $5,441,927. 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.