AAON, Inc. (NASDAQ:AAON) Stock Position Raised by Swedbank AB

Swedbank AB grew its position in AAON, Inc. (NASDAQ:AAON - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,000 shares of the construction company's stock after purchasing an additional 10,000 shares during the period. Swedbank AB owned approximately 0.22% of AAON worth $19,088,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Conestoga Capital Advisors LLC grew its holdings in AAON by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company's stock worth $229,180,000 after buying an additional 39,059 shares in the last quarter. Geneva Capital Management LLC grew 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 purchasing an additional 24,384 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AAON by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company's stock worth $136,857,000 after purchasing an additional 24,095 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of AAON by 12.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,225,600 shares of the construction company's stock valued at $132,169,000 after purchasing an additional 136,530 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of AAON by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company's stock valued at $83,596,000 after purchasing an additional 157,699 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

AAON Price Performance

Shares of NASDAQ:AAON traded up $2.86 on Tuesday, reaching $140.45. 445,108 shares of the company traded hands, compared to its average volume of 600,331. The stock has a market capitalization of $11.42 billion, a PE ratio of 60.61 and a beta of 0.79. 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 $115.75 and its 200-day moving average is $95.40. AAON, Inc. has a fifty-two week low of $61.09 and a fifty-two week high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last announced its earnings results on Thursday, November 7th. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $327.25 million during 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%. AAON's 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 anticipate that AAON, Inc. will post 2.26 earnings per share for the current fiscal year.

AAON Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. AAON's dividend payout ratio is currently 14.10%.

Insider Activity at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was 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 of the company's stock, valued at approximately $675,490.14. The trade was a 49.19 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.03, for a total value of $4,621,050.00. Following the sale, the chief executive officer now owns 64,295 shares of the company's stock, valued at $8,488,868.85. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,967 shares of company stock worth $6,271,357. 18.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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