Peak6 LLC Buys Shares of 14,328 AAON, Inc. (NASDAQ:AAON)

PEAK6 LLC purchased a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,328 shares of the construction company's stock, valued at approximately $1,686,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of AAON by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 6,239,482 shares of the construction company's stock worth $734,262,000 after acquiring an additional 75,832 shares during the period. JPMorgan Chase & Co. lifted its holdings in AAON by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260,526 shares of the construction company's stock valued at $351,615,000 after purchasing an additional 150,207 shares during the last quarter. Invesco Ltd. lifted its holdings in AAON by 15.6% during the 4th quarter. Invesco Ltd. now owns 2,032,497 shares of the construction company's stock valued at $239,184,000 after purchasing an additional 274,119 shares during the last quarter. Geode Capital Management LLC boosted its position in AAON by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,237,680 shares of the construction company's stock worth $145,692,000 after purchasing an additional 3,644 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of AAON by 4.2% in the fourth quarter. Blair William & Co. IL now owns 1,169,782 shares of the construction company's stock valued at $137,660,000 after purchasing an additional 47,254 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Buying and Selling at AAON

In other AAON news, Director David Raymond Stewart bought 1,000 shares of AAON stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.86 per share, with a total value of $80,860.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $242,580. This trade represents a 50.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 18.55% of the company's stock.

AAON Price Performance

AAON traded up $3.58 on Thursday, hitting $85.64. 471,308 shares of the stock were exchanged, compared to its average volume of 729,901. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 37.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 1.79. AAON, Inc. has a 12 month low of $68.98 and a 12 month high of $144.07. The business has a 50-day moving average of $84.94 and a two-hundred day moving average of $109.57.

AAON declared that its board has initiated a share buyback plan on Tuesday, March 4th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

AAON Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. This is a boost from AAON's previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 18th. AAON's dividend payout ratio (DPR) is 19.90%.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of research reports. DA Davidson cut their target price on shares of AAON from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, February 28th. StockNews.com cut AAON from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Robert W. Baird lowered their target price on AAON from $155.00 to $116.00 and set an "outperform" rating on the stock in a research note on Friday, February 28th. Finally, CJS Securities upgraded AAON from a "market perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.