AAON, Inc. (NASDAQ:AAON) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its holdings in shares of AAON, Inc. (NASDAQ:AAON - Free Report) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,225,600 shares of the construction company's stock after purchasing an additional 136,530 shares during the period. AAON accounts for approximately 1.2% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 26th biggest holding. Vaughan Nelson Investment Management L.P. owned about 1.51% of AAON worth $132,169,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of AAON by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,278,855 shares of the construction company's stock valued at $641,267,000 after acquiring an additional 61,544 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of AAON by 1.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,125,186 shares of the construction company's stock valued at $229,180,000 after acquiring an additional 39,059 shares during the period. Geneva Capital Management LLC increased its position in shares of AAON by 1.5% in the 3rd quarter. Geneva Capital Management LLC now owns 1,698,207 shares of the construction company's stock valued at $183,135,000 after acquiring an additional 24,384 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AAON by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,568,746 shares of the construction company's stock valued at $136,857,000 after acquiring an additional 24,095 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of AAON by 19.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 958,225 shares of the construction company's stock valued at $83,596,000 after acquiring an additional 157,699 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AAON. Baird R W raised AAON from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 28th. Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and upped their price target for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Robert W. Baird upped their price target on shares of AAON from $130.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, November 8th. StockNews.com raised shares of AAON from a "sell" rating to a "hold" rating in a report on Friday, September 20th. Finally, DA Davidson upped 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. Two investment 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 stock. According to data from MarketBeat, AAON currently has an average rating of "Moderate Buy" and an average target price of $133.00.

Insider Activity at AAON

In related news, VP Casey Kidwell sold 4,796 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $136.38, for a total value 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. This trade represents a 49.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.55% of the stock is currently owned by corporate insiders.

AAON Price Performance

Shares of AAON stock traded up $0.28 during mid-day trading on Friday, hitting $133.46. 530,178 shares of the stock were exchanged, compared to its average volume of 451,585. The firm has a fifty day moving average of $110.69 and a 200 day moving average of $93.11. 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, Inc. has a 52-week low of $61.09 and a 52-week high of $144.07. The company has a market cap of $10.85 billion, a PE ratio of 58.79 and a beta of 0.79.

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

AAON Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $0.08 dividend. 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 presently 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.