AAON, Inc. (NASDAQ:AAON) Shares Bought by Swedbank AB

Swedbank AB increased its holdings in AAON, Inc. (NASDAQ:AAON - Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,000 shares of the construction company's stock after acquiring an additional 10,000 shares during the quarter. Swedbank AB owned approximately 0.22% of AAON worth $19,088,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in AAON during the 2nd quarter valued at $29,000. ORG Wealth Partners LLC bought a new stake in AAON during the third quarter valued at about $37,000. Crewe Advisors LLC bought a new stake in AAON during the second quarter valued at about $35,000. Signaturefd LLC grew its stake in 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 purchasing an additional 238 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in AAON by 35.6% in the first quarter. GAMMA Investing LLC now owns 690 shares of the construction company's stock worth $61,000 after purchasing an additional 181 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAON

In other AAON news, CEO Gary D. Fields sold 20,641 shares of AAON stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares in the company, valued at approximately $5,542,871.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other AAON news, Director Norman H. Asbjornson sold 11,022 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total value of $963,433.02. Following the completion of the transaction, the director now directly owns 5,135 shares of the company's stock, valued at approximately $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary D. Fields sold 20,641 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

AAON Stock Performance

AAON stock traded down $1.77 during mid-day trading on Friday, reaching $109.34. 524,547 shares of the company traded hands, compared to its average volume of 617,544. The firm's fifty day moving average is $98.46 and its two-hundred day moving average is $88.51. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 51.68 and a beta of 0.80. AAON, Inc. has a fifty-two week low of $52.24 and a fifty-two week high of $113.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.99 and a quick ratio of 1.70.

AAON (NASDAQ:AAON - Get Free Report) last released its earnings results on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) 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 firm had revenue of $313.57 million for the quarter, compared to the consensus estimate of $283.77 million. During the same period in the prior year, the firm earned $0.55 EPS. The firm's revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that AAON, Inc. will post 2.28 earnings per share for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, September 6th. AAON's dividend payout ratio (DPR) is 14.88%.

AAON 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.