Pathstone Holdings LLC Purchases 6,869 Shares of AAON, Inc. (NASDAQ:AAON)

Pathstone Holdings LLC raised its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 72.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,356 shares of the construction company's stock after purchasing an additional 6,869 shares during the period. Pathstone Holdings LLC's holdings in AAON were worth $1,764,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, VP Stephen E. Wakefield sold 5,750 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.86, for a total value of $804,195.00. Following the transaction, the vice president now directly owns 9,920 shares in the company, valued at approximately $1,387,411.20. This represents a 36.69 % decrease in their ownership of the stock. 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 dated 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 owns 4,953 shares of the company's stock, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,967 shares of company stock valued at $6,271,357. 18.55% of the stock is currently owned by company insiders.

AAON Price Performance

NASDAQ AAON traded down $4.42 during trading on Thursday, hitting $136.03. 523,405 shares of the stock traded hands, compared to its average volume of 600,003. The company has a market capitalization of $11.06 billion, a P/E ratio of 59.93 and a beta of 0.79. AAON, Inc. has a 12-month low of $61.09 and a 12-month high of $144.07. The firm has a 50-day simple moving average of $117.42 and a 200-day simple moving average of $96.13. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07.

AAON (NASDAQ:AAON - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The business had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. As a group, analysts predict that AAON, Inc. will post 2.26 EPS for the current year.

AAON Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON's dividend payout ratio (DPR) is 14.10%.

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.