Wolverine Trading LLC Buys Shares of 4,394 AAON, Inc. (NASDAQ:AAON)

Wolverine Trading LLC bought a new stake in AAON, Inc. (NASDAQ:AAON - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,394 shares of the construction company's stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAON. Amalgamated Bank grew its stake in 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 buying an additional 13,964 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of AAON by 1.5% during 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 in the last quarter. Swedbank AB purchased a new stake in AAON during the 2nd 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 purchasing an additional 4,709 shares in the last quarter. 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 valued at $1,777,000 after purchasing an additional 9,063 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AAON. Baird R W upgraded AAON from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 28th. Robert W. Baird increased their price objective 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. DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a "buy" rating in a research 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, Sidoti lowered shares of AAON from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AAON has a consensus rating of "Moderate Buy" and a consensus price target of $133.00.

Insiders Place Their Bets

In other news, CFO Rebecca Thompson sold 5,000 shares of AAON stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the transaction, the chief financial officer now directly owns 17,297 shares of the company's stock, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Stephen E. Wakefield sold 5,750 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.86, for a total transaction of $804,195.00. Following the sale, the vice president now owns 9,920 shares in the company, valued at approximately $1,387,411.20. This trade represents a 36.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,967 shares of company stock valued at $6,961,357 in the last quarter. Insiders own 18.55% of the company's stock.

AAON Stock Up 0.0 %

Shares of AAON stock traded up $0.05 during mid-day trading on Friday, reaching $131.32. 358,082 shares of the company were exchanged, compared to its average volume of 589,026. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The business's 50 day simple moving average is $123.82 and its 200 day simple moving average is $100.76. The company has a market capitalization of $10.67 billion, a P/E ratio of 57.85 and a beta of 0.83. AAON, Inc. has a fifty-two week low of $67.99 and a fifty-two week high of $144.07.

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

AAON Dividend Announcement

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 29th. AAON's payout ratio is currently 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.