Natixis Advisors LLC Grows Position in AAON, Inc. (NASDAQ:AAON)

Natixis Advisors LLC boosted its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 25.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,661 shares of the construction company's stock after purchasing an additional 40,407 shares during the quarter. Natixis Advisors LLC owned about 0.25% of AAON worth $21,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new position in shares of AAON during the 2nd quarter valued at about $29,000. Blue Trust Inc. raised its stake in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company's stock worth $32,000 after buying an additional 198 shares during the last quarter. Crewe Advisors LLC bought a new position in AAON in the 2nd quarter valued at about $35,000. ORG Wealth Partners LLC purchased a new position in AAON in the 3rd quarter valued at approximately $37,000. Finally, Signaturefd LLC lifted its stake in AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company's stock worth $53,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

AAON Price Performance

Shares of NASDAQ AAON traded up $0.04 during midday trading on Tuesday, reaching $131.38. 167,170 shares of the stock traded hands, compared to its average volume of 600,544. AAON, Inc. has a one year low of $61.09 and a one year high of $144.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. The company's 50 day moving average is $110.69 and its 200 day moving average is $93.10. The stock has a market capitalization of $10.68 billion, a PE ratio of 57.86 and a beta of 0.79.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $315.80 million. During the same quarter last year, the business posted $0.64 EPS. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 29th. AAON's dividend payout ratio is currently 14.10%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Gary D. Fields sold 35,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.03, for a total value of $4,621,050.00. Following the completion of the sale, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at approximately $8,488,868.85. This trade represents a 35.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Casey Kidwell sold 4,796 shares of AAON stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total transaction of $654,078.48. Following the transaction, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. This represents a 49.19 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by corporate insiders.

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.