Oppenheimer Asset Management Inc. Purchases 9,063 Shares of AAON, Inc. (NASDAQ:AAON)

Oppenheimer Asset Management Inc. boosted its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 122.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,476 shares of the construction company's stock after purchasing an additional 9,063 shares during the period. Oppenheimer Asset Management Inc.'s holdings in AAON were worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in AAON by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company's stock valued at $641,267,000 after purchasing an additional 61,544 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of AAON by 1.9% in the third quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company's stock worth $229,180,000 after acquiring an additional 39,059 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of AAON by 1.5% in the third quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock worth $183,135,000 after acquiring an additional 24,384 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AAON by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company's stock worth $136,857,000 after buying an additional 24,095 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of AAON by 106.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,089,070 shares of the construction company's stock worth $95,010,000 after buying an additional 561,195 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

AAON Stock Down 0.2 %

Shares of AAON stock traded down $0.22 on Monday, hitting $133.24. The company had a trading volume of 236,579 shares, compared to its average volume of 600,973. The firm has a market capitalization of $10.83 billion, a P/E ratio of 58.79 and a beta of 0.79. AAON, Inc. has a twelve month low of $61.09 and a twelve month 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 stock has a 50-day moving average of $110.69 and a 200-day moving average of $93.10.

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 for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $327.25 million during the quarter, compared to analysts' expectations of $315.80 million. AAON had a net margin of 15.78% and a return on equity of 24.98%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Research analysts predict that AAON, Inc. will post 2.26 earnings per share for the current year.

AAON Announces Dividend

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

Insider Buying and Selling

In other AAON news, VP Casey Kidwell sold 4,796 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 4,953 shares of the company's stock, valued at approximately $675,490.14. This represents a 49.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.