State Street Corp Purchases 12,502 Shares of AAON, Inc. (NASDAQ:AAON)

State Street Corp increased its position in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,977,531 shares of the construction company's stock after acquiring an additional 12,502 shares during the quarter. State Street Corp owned 2.43% of AAON worth $213,257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of AAON by 65.2% during the second quarter. Amalgamated Bank now owns 35,367 shares of the construction company's stock worth $3,085,000 after acquiring an additional 13,964 shares in 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 valued at $183,135,000 after purchasing an additional 24,384 shares in the last quarter. Swedbank AB acquired a new stake in AAON during the second quarter worth $14,569,000. Raymond James & Associates increased its holdings in AAON by 3.4% in the 3rd quarter. Raymond James & Associates now owns 142,930 shares of the construction company's stock valued at $15,414,000 after buying an additional 4,709 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in AAON by 122.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 16,476 shares of the construction company's stock worth $1,777,000 after purchasing an additional 9,063 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Casey Kidwell sold 1,421 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $135.14, for a total transaction of $192,033.94. Following the completion of the transaction, the vice president now directly owns 4,953 shares in the company, valued at approximately $669,348.42. This represents a 22.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary D. Fields sold 35,000 shares of AAON stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.03, for a total transaction of $4,621,050.00. Following the transaction, the chief executive officer now directly owns 64,295 shares of the company's stock, valued at $8,488,868.85. This represents a 35.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,967 shares of company stock worth $6,961,357 in the last quarter. 18.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

AAON Trading Down 0.9 %

NASDAQ:AAON traded down $1.22 on Thursday, reaching $131.14. The company's stock had a trading volume of 62,829 shares, compared to its average volume of 589,664. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. AAON, Inc. has a 1-year low of $64.53 and a 1-year high of $144.07. The firm has a market cap of $10.66 billion, a PE ratio of 58.31 and a beta of 0.83. The business's 50-day moving average price is $122.87 and its two-hundred day moving average price is $100.17.

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

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 of this dividend is Friday, November 29th. AAON's dividend payout ratio is 14.10%.

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.