The Manufacturers Life Insurance Company Purchases 20,841 Shares of AAON, Inc. (NASDAQ:AAON)

The Manufacturers Life Insurance Company grew its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 55.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,751 shares of the construction company's stock after purchasing an additional 20,841 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of AAON worth $5,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAON. TD Asset Management Inc bought a new position in AAON during the 4th quarter valued at about $1,748,000. Tower Research Capital LLC TRC grew its position in AAON by 866.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,267 shares of the construction company's stock worth $1,645,000 after acquiring an additional 19,962 shares during the last quarter. Wasatch Advisors LP increased its holdings in AAON by 5.0% during the 4th quarter. Wasatch Advisors LP now owns 1,024,860 shares of the construction company's stock valued at $75,706,000 after purchasing an additional 49,007 shares in the last quarter. Comerica Bank raised its position in AAON by 16.6% in the 4th quarter. Comerica Bank now owns 340,660 shares of the construction company's stock valued at $25,165,000 after purchasing an additional 48,539 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its position in AAON by 30.9% in the 4th quarter. Greenwood Capital Associates LLC now owns 7,533 shares of the construction company's stock valued at $556,000 after purchasing an additional 1,779 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Activity at AAON

In other AAON news, VP Stephen E. Wakefield sold 29,946 shares of the stock in a transaction on 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 completion of the sale, the vice president now owns 15,670 shares in the company, 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 legal filing with the SEC, which is available through this link. In other news, Director Norman H. Asbjornson sold 11,022 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $87.41, for a total value of $963,433.02. Following the transaction, the director now directly owns 5,135 shares of the company's stock, valued at $448,850.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 29,946 shares of AAON stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $90.13, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,609 shares of company stock valued at $5,441,927. 18.55% of the stock is owned by corporate insiders.

AAON Stock Up 0.1 %

Shares of AAON stock traded up $0.12 on Monday, hitting $107.83. 321,275 shares of the stock were exchanged, compared to its average volume of 630,209. The business has a 50-day moving average of $94.19 and a 200 day moving average of $87.06. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $109.46. The firm has a market capitalization of $8.86 billion, a P/E ratio of 49.91 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 announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share for the quarter, beating 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 analysts' expectations of $283.77 million. During the same quarter last year, the company earned $0.55 EPS. AAON's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts anticipate that AAON, Inc. will post 2.29 EPS for the current year.

AAON Dividend Announcement

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

Analysts Set New Price Targets

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

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.